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26 Mar 2015
Gold firmer above $1,200
FXStreet (Edinburgh) - The precious metal is extending the recent upside today, now looking to consolidate the breakout of the critical $1,200 mark.
Gold in 2-week lows
The troy ounce of Gold is trading back to levels last seen in early March above the $1,200 handle, propped up by rising geopolitical concerns in the Middle East and a better sentiment towards the riskier assets.
The renewed buying interest around the greenback since the European afternoon eroded earlier gains in the metal, which came down from session peaks around $1,220 to the current $1,200/$1,205 band.
Gold important levels
At the moment the metal is up 0.65% at $1,203.24 with the immediate resistance at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16). On the flip side, a breakdown of $1,186.40 (low Mar.25) would expose $1,185.10 (low Mar.24) and then $1,179.10 (low Mar.23).
Gold in 2-week lows
The troy ounce of Gold is trading back to levels last seen in early March above the $1,200 handle, propped up by rising geopolitical concerns in the Middle East and a better sentiment towards the riskier assets.
The renewed buying interest around the greenback since the European afternoon eroded earlier gains in the metal, which came down from session peaks around $1,220 to the current $1,200/$1,205 band.
Gold important levels
At the moment the metal is up 0.65% at $1,203.24 with the immediate resistance at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16). On the flip side, a breakdown of $1,186.40 (low Mar.25) would expose $1,185.10 (low Mar.24) and then $1,179.10 (low Mar.23).