Gold falls hard to 1,235/oz

FXstreet.com (San Francisco) - The gold is trading under pressure on Tuesday with the XAU/USD trading down for first time in a four sessions. The Yellow metal lost the 1,255 area overnight and it fell to test the 1,235.55 support, where it bounced back to price at 2,140 area right now.

The XAU/USD is performing 0.80% negative in the day, a bounce back following Monday rally amid increasing demand and news from Germany repatriating its gold reserve.

Below the 1,235, the XAU/USD would face supports at 1,220 and 1,180. On the upside, resistances are at 1,245, 1,250 and 1,260.