Gold Trend! 19-01-2012Technical:
Buy gold above $1656, next target will be $1667, $1675 and $1696. Sell gold below $1655, downside targets will be $1648, $1637 and $1617.
Fundamental:
Gold edged higher on Thursday, supported by hopes of increased funding from the International Monetary Fund to help tackle the euro zone debt crisis. Deputy officials from the Group of 20 nations are set to discuss the plan at a meeting in Mexico on Thursday and Friday. The IMF funding talks are giving some support to metals. The market is also supported by fresh buying of some funds and physical demand.
By
M.Zohaib Gadit
Forex Trading
Buy gold above $1656, next target will be $1667, $1675 and $1696. Sell gold below $1655, downside targets will be $1648, $1637 and $1617.
Fundamental:
Gold edged higher on Thursday, supported by hopes of increased funding from the International Monetary Fund to help tackle the euro zone debt crisis. Deputy officials from the Group of 20 nations are set to discuss the plan at a meeting in Mexico on Thursday and Friday. The IMF funding talks are giving some support to metals. The market is also supported by fresh buying of some funds and physical demand.
By
M.Zohaib Gadit
Forex Trading
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