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Level between $1,785 and $1,790 has a ceiling on gold

Posted on 02 October 2012

Gold prices have possibly established a base now at $1,740, but “we also seem to have a ceiling in place between $1,785 and $1,790,” Marex Spectron’s David Govett said to Angela Sharda of Fast Markets.
“It will take some help from other markets to break us one way or the other, as gold does not yet seem to have the appetite to do this by itself.” he added. Meanwhile, two data releases for the evening would determine the trajectory of gold prices for the coming days………………………………………..Full Article: Source


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