28.02.2014 - Gold could slip to $1308, silver buying opportunity at $20.87
Mixed trend is seen in US gold futures in Asian trading hours after witnessing a fall on Wednesday night as US Fed Reserve is likely to continue with its tapering measures. US Gold futures for April delivery rose to $1331.3 before falling to $1329 an ounce. According to TFF Market Analysis based on XAU/USD:"The correction we have been anticipating and hoping for over the past few sessions is underway. Silver had been underperforming recently and GDX and its junior have both been sluggish after strong January and February rebounds. As long as the momentum continues tomorrow Silver is fast approaching our next recommended buy order at $20.87. The action today for GDX and GDXJ suggests this should happen."..............................................Full Article: Source
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