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Gold advances near $1,200

FXStreet (Edinburgh) - The troy ounce of the precious metal is recovering from yesterday’s drop and is currently climbing to fresh session tops below the $1,200 mark.

Gold bounces off $1,185

The yellow metal is gaining almost $10 since session lows around $1,185, propped up by the sharp sell-off in the greenback in response to a poor US docket today.

In addition, geopolitical tensions in the Middle East plus the uncertainty surrounding Greece have given Gold further support.

Gold levels to consider

The metal is now advancing 0.87% at $1,197.43 with the next resistance at $1,236.79 (high Feb.16) ahead of $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the flip side, a breach of $1,184.00 (low Apr.14) would expose $1,180.50 (low Apr.1).

GBP/USD: How far can it go?

GBP/USD is currently trading at 1.5060 with a high of 1.5071 and a low of 1.4958.
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AUD/JPY finds resistance at 93.20

AUD/JPY is flat so far on Thursday after being unable to break above 93.20, area that also capped the upside yesterday.
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