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3 Mar 2015
Gold testing $1,200
FXStreet (Edinburgh) - The troy ounce of the precious metal is trading in the middle of the range around the $1,200 mark on Tuesday.
Gold retreating from $1,220
The yellow metal keeps correcting lower from yesterday’s peaks in the $1,220 vicinity, briefly testing $1,194 earlier on today. Risk appetite swings, the lack of a clear direction and not enough interest still weigh on the prices, as markets get closer to Friday’s Payrolls.
Gold important levels
At the moment the metal is retreating 0.39% at $1,203.50 and a break below $1,194.90 (low Mar.3) would open the door to $1,190.50 (low Feb.24) and then $1,167.30 (low Jan.2). On the other hand, the initial resistance aligns at $1,223.00 (high Mar.2) followed by $1,236.40 (high Feb.16).
Gold retreating from $1,220
The yellow metal keeps correcting lower from yesterday’s peaks in the $1,220 vicinity, briefly testing $1,194 earlier on today. Risk appetite swings, the lack of a clear direction and not enough interest still weigh on the prices, as markets get closer to Friday’s Payrolls.
Gold important levels
At the moment the metal is retreating 0.39% at $1,203.50 and a break below $1,194.90 (low Mar.3) would open the door to $1,190.50 (low Feb.24) and then $1,167.30 (low Jan.2). On the other hand, the initial resistance aligns at $1,223.00 (high Mar.2) followed by $1,236.40 (high Feb.16).