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6 Jan 2015
Gold improves to 3-week highs – MP
FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse notes that Gold has continued the upward movement, trading near $1213.20/oz levels, pressuring the resistance at 1215.
Key Quotes
“Gold has posted gains on Tuesday, continuing the upward movement which started the week. The metal is trading at a spot price of $1213.20 per ounce in the European session."
"In the US, today’s highlight is the ISM Non-Manufacturing PMI, with the markets expecting a weaker reading for December. The estimate stands at 58.2 points.”
“XAU/USD has posted slight gains in the Asian and European sessions. The pair is putting strong pressure on resistance at 1215.”
“1200 has reverted to a support role as gold trades at higher levels. 1175 is next.”
“On the upside, 1215 is under pressure. Will the pair break through this level during the day? 1240 is stronger. Current range: 1200 to 1215”
Key Quotes
“Gold has posted gains on Tuesday, continuing the upward movement which started the week. The metal is trading at a spot price of $1213.20 per ounce in the European session."
"In the US, today’s highlight is the ISM Non-Manufacturing PMI, with the markets expecting a weaker reading for December. The estimate stands at 58.2 points.”
“XAU/USD has posted slight gains in the Asian and European sessions. The pair is putting strong pressure on resistance at 1215.”
“1200 has reverted to a support role as gold trades at higher levels. 1175 is next.”
“On the upside, 1215 is under pressure. Will the pair break through this level during the day? 1240 is stronger. Current range: 1200 to 1215”