23 Mar 2015
SEB: Spot Gold bullish weekly print points for further gains – eFXnews
FXStreet (Barcelona) -The eFXnews Team notes SEB views that the bullish weekly candle plotted by spot gold prices points to the upside towards 1191.
Key Quotes
“The late 2014 low of 1,132 may be sealed off from action given the bullish U-turn last week.”
“The high close puts pressure on nearby resistance at 1,191 – which if broken would target 1,214\1,223 next.”
“Support is likely building up in the wider 1,178/1,160-area.”
“Current intraday stretches are located at 1,168 & 1,192.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The late 2014 low of 1,132 may be sealed off from action given the bullish U-turn last week.”
“The high close puts pressure on nearby resistance at 1,191 – which if broken would target 1,214\1,223 next.”
“Support is likely building up in the wider 1,178/1,160-area.”
“Current intraday stretches are located at 1,168 & 1,192.”
This content has been provided under specific arrangement with eFXnews.