Gold Trend! 18-01-2012
Technical:
If gold is down below $1655 then it can touch $1640 and $1630, Buy above $1655 then gold will remain positive and upside targets will $1665 and $1678.
Fundamental:
Gold traded steady on Wednesday, off the one-month high hit in the previous session on improved global economic outlook, while investors shifted focus once again to the troubles of euro zone. Gold rallied with riskier assets on Tuesday as data from China, Germany and the United States soothed anxiety over the global economy and fueled bets on equities, commodities and the euro.
By
M.Zohaib Gadit
Forex Trading Consultant
Technical:
If gold is down below $1655 then it can touch $1640 and $1630, Buy above $1655 then gold will remain positive and upside targets will $1665 and $1678.
Fundamental:
Gold traded steady on Wednesday, off the one-month high hit in the previous session on improved global economic outlook, while investors shifted focus once again to the troubles of euro zone. Gold rallied with riskier assets on Tuesday as data from China, Germany and the United States soothed anxiety over the global economy and fueled bets on equities, commodities and the euro.
By
M.Zohaib Gadit
Forex Trading Consultant
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