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

Positive macro catalysts exist for Gold, eyes break above $1755 for bullish view: Barclays

Posted on 18 December 2012

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


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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