Gold Trend! 20-01-2012
Technical:
Buy gold above $1641 next upside target will $1650,$1663 and $1675. If gold breaks $1635 selling is recommended downside targets will $1627,$1614 and $1602.
Fundamental:
Gold slipped on Friday as speculators booked profits from recent highs, but a steady euro and rising equities could limit declines as the metal heads for its third week of gains. Consumers in China helped bullion jump to its highest in more than a month this week, but purchases began to slow down ahead of the long Lunar New Year break which starts next week.
By
M.Zohaib Gadit
Forex Trading Consultant
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