Oil fell for a second day after a report showed U.S. employers hired fewer workers than forecast in June, increasing concern that slower economic growth will reduce demand for oil.

Oil erased its weekly gain after the Labor Department said payrolls rose 80,000 last month, less than the 100,000 increase forecast by economists. The International Monetary Fund will reduce its estimate for global growth this year, Managing Director Christine Lagarde said today.

Oil for August delivery fell to $84.26 a barrel on the New York Mercantile Exchange. Crude is down 15 percent this year and 0.6 percent this week.

Brent oil for August settlement declined $2.72, or 2.7 percent, to $97.98 a barrel on the London-based ICE Futures Europe exchange.

Resistance 1:1619 / 24 (Jul 3 and 5 highs)

The resistance of 1:1617 (resistance line from Jun 6)

The resistance of 1:1610 (session high)

Current Price: 1587.50

Support 1:1583 (session low)

Support 2: 1555 (resistance line from May 16)

Support 3: 1548 (low of June)

Gold prices eventually declined due to the growth of the dollar against the euro after the publication of a report on employment in the U.S. in June, which demonstrated a smaller increase in the number of jobs in non-agricultural sectors than expected.

After the release of data in the price of gold soared to $ 15, peaking at $ 1610.60. However, later, the price of precious metals returned to earlier levels.

Also, the pressure on the precious metal helped the growth of the dollar to a five-week high against the euro after a decline in interest rates of the European Central Bank on Thursday.

Demand for the physical market is low, because buyers are waiting for lower prices, and sellers - its rise above $ 1,620 an ounce, dealers said. Deliveries of gold from Hong Kong to China in May fell 26 percent in April to 75.456 tons.

Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust, and secured the largest silver ETF iShares Silver Trust on Thursday, unchanged compared with the medium.

August gold futures on the COMEX today, went up to 1610.6 dollars per ounce, then fell to 1582.2, and the dollar is currently trading at around 1587.8 dollars per ounce.

Resistance 3:91,60 / 90 (50.0% FIBO $ 106 - $77, Jun 29 high)

Resistance 2:88,70 (Jul 5 high)

Resistance 1:86,20 (earlier support, Jul 4-5 lows)

Current Price: 84.15

Support 1:84,00 (session low)

Support 2:83,00 (MA (200) for H1)

Support 3:82,00 (Jun 2 low)

Change % Change Last

Gold 1,604 -18 -1.09%

Oil 86.90 -0.76 -0.87%