Resistance of 3:1624 (high of June)

Resistance of 2:1614 (resistance line from Jun 6)

Resistance of 1:1600 (area of Jul 10 and 17 highs)

Current Price: 1580.90

Support 2:1564 (support line from May 16, area of weekly lows)

Support 2: 1548 (low of June)

Support 3: 1527 (low of May)

Oil fell for the first time in eight days on concern that European governments aren’t doing enough to contain the worsening debt crisis, raising worries that demand will slip.

Prices dropped from a two-month high as Spain’s cost of borrowing rose to a record after euro-area finance ministers gave final approval to a bank bailout for the country. The dollar strengthened to a two-year high against the euro and U.S. equities slid for the first time in four days.

Crude for August delivery fell to $90.66 a barrel on the New York Mercantile Exchange. Oil closed at the highest level since May 16 yesterday, capping a seven-day gaining streak that’s the longest since Feb. 24. Prices are down 7.7 percent this year.

Brent oil for September slid $1.43, or 1.3 percent, to $106.37 a barrel on the London-based ICE Futures Europe exchange.

Resistance 3:96,40 (MA (200) for D1)

Resistance 2:95,00 (61,8% FIBO 106,10-77,20)

Resistance 1:92,00 (session high)

Current Price: 91.06

Support 1:90,40 (session low)

Support 2:89,80 (bottom border of up channel from Jul 12)

Support 3:88,30 (Jul 18 low)

Комментарии: фьючерс начала сессию выше сопротивления, которое представляло собой 50,0% FIBO 106,10-77,20 и максимум 29 июня. Однако, удержать завоеванные позиции не удалось.

Gold depreciates against the euro and the decline of stock markets. Prices retreated rapidly from its peak this week after Federal Reserve Chairman Ben Bernanke during a report to Congress is not hinted at a new stage of "quantitative easing" and gave a pessimistic outlook for the economy.

"Quantitative easing" is beneficial for gold as an asset, not bearing interest, as it helps to keep interest rates low.

Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust, on Thursday declined by 9 tons to six-month minimum.

The focus of investors on Friday once again switched to the euro-zone problem, and this adversely affects the European single currency. Much of the growth of the dollar has provoked Spain at the beginning of the session. The region of Valencia has asked the Spanish government for help to refinance its debt. The yield on the 10-year Spanish bonds rose again above 7%, while the main stock index fell this country. This triggered a massive decline of the euro.

August gold futures on the COMEX today fell to 1572.6 dollars per ounce.

Change % Change Last

Gold 1,582 +11 +0.68%

Oil 92.30 +2.43 +2.70%