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17 Apr 2015
Gold slightly above $1,200
FXStreet (Edinburgh) - The troy ounce of the precious metal is posting marginal gains at the end of the week, trading just above the critical $1,200 barrier.
Gold closing the week in red
Gold is snapping a positive streak of four weeks, although it has managed to keep the trade at/above the $1,200 barrier, advancing almost without interruptions since mid-March lows near $1,140.
Renewed concerns around Greece, a softer tone in the greenback and selling pressure in the stocks markets gave Gold some upbeat momentum today, despite the negative performance during the week.
Gold levels to consider
The metal is now up 0.43% at $1,203.68 and a surpass of $1,236.79 (high Feb.16) would aim for $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the downside, a breach of $1,184.00 (low Apr.14) would target $1,180.50 (low Apr.1) en route to $1,178.20 (low Mar.31).
Gold closing the week in red
Gold is snapping a positive streak of four weeks, although it has managed to keep the trade at/above the $1,200 barrier, advancing almost without interruptions since mid-March lows near $1,140.
Renewed concerns around Greece, a softer tone in the greenback and selling pressure in the stocks markets gave Gold some upbeat momentum today, despite the negative performance during the week.
Gold levels to consider
The metal is now up 0.43% at $1,203.68 and a surpass of $1,236.79 (high Feb.16) would aim for $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the downside, a breach of $1,184.00 (low Apr.14) would target $1,180.50 (low Apr.1) en route to $1,178.20 (low Mar.31).