The outlook for Gold remains positive with physical buying supporitive and looks supportive as the Lunar Year approaches but market needs to break above $1755/Oz for bullish trend to be confirmed, according to Barclays Research.
On Monday electronic trading, Comex Gold for February delivery is down $5.2 at $1691.8 /Oz. Barclays report said that support is seen at $1684, 1672 while resistance is sseen at $1713 and 1723/Oz. However reasons to buy are emerging in the $1670 areas and this will form a base for the next leg higher…………………………………….Full Article: Source