Technical:
Buy Gold around $1608 next upside targets will $1627,$1639 and $1670. If Gold breaks
$1596 selling is recommended downside targets will $1585,$1577 and $1545.
Fundamental:
Gold rose, extending gains from the previous session, as upbeat economic data from the
United States and Germany boosted market sentiment and a weaker dollar lent support. The
euro edged higher, riding on a sharp rise in German business sentiment and strong demand
for Spanish debt. Holdings of SPDR Gold Trust remained unchanged for a third consecutive
session at $1,279.975 tonnes by Dec 2.
By
M.Zohaib Gadit
Forex Trading Consultant
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