GOLD: With the commodity continuing to retrain its recovery, more gain is envisaged. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190.00 level. Below here if seen could trigger further downside pressure targeting the 1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. All in all, GOLD looks to recover further higher.
Strategy: Buy at 1,229.41, Stop loss at 1,214.00, Price target at 1,245.00 & 1.255.00
Strategy: Buy at 1,229.41, Stop loss at 1,214.00, Price target at 1,245.00 & 1.255.00