Gold Trend! 30-01-2012
Technical:
Buy gold above $1731 next upside targets are $1746,$1755 and $1771. Sell Gold below $1731 downside targets are $1721,$1706 and $1696.
Fundamental:
Gold ticked lower after earlier rising to its highest in more than 7 weeks as investors awaited the outcome of Greece's debt deal talks, but a slower-than-expected growth in the U.S. underpinned sentiment. EU leaders, which will sign off on a permanent rescue fund for the euro zone, are expected to agree on a balanced budget rule in national legislation, but unresolved problems in Greece cast a shadow on the discussions.
By
M.Zohaib Gadit
Forex Trading Consultant
Technical:
Buy gold above $1731 next upside targets are $1746,$1755 and $1771. Sell Gold below $1731 downside targets are $1721,$1706 and $1696.
Fundamental:
Gold ticked lower after earlier rising to its highest in more than 7 weeks as investors awaited the outcome of Greece's debt deal talks, but a slower-than-expected growth in the U.S. underpinned sentiment. EU leaders, which will sign off on a permanent rescue fund for the euro zone, are expected to agree on a balanced budget rule in national legislation, but unresolved problems in Greece cast a shadow on the discussions.
By
M.Zohaib Gadit
Forex Trading Consultant
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