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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold may be on track to test $1800 again: Saxo Bank

Posted on 15 November 2012

Gold prices have got boost after the US election results and having found good support, stabilizing above $1700 levels, the yellow metal may climb to importance resistance level of $1800 again, according to Ole S Hansen, Head, Strategy at Saxo Bank.
Having reached not breached important support levels below US $1670, traders have begun to rebuild speculative longs which has been reduced by one-quarter during the previous weeks………………………………………..Full Article: Source


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