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10 Apr 2015
Gold firm above $1,200
FXStreet (Edinburgh) - The precious metal managed to regain the critical $1,200 mark on Friday, advancing for the first time after three sessions in red.
Gold finds support around $1,190
Despite the current upbeat tone, the yellow metal is heading to close the week with losses, snapping a positive 3-week streak. The troy ounce of Gold has exhibited quite a resilient stance during the week, taking into account the prevailing strong sentiment towards the US dollar.
Gold key levels
The metal is now gaining 1.0% at $1,206.72 with the immediate resistance at $1,236.79 (high Feb.16) ahead of $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the downside, a break below $1,193.00 (low Apr.10) would target $1,180.50 (low Apr.1) en route to $1,178.20 (low Mar.31).
Gold finds support around $1,190
Despite the current upbeat tone, the yellow metal is heading to close the week with losses, snapping a positive 3-week streak. The troy ounce of Gold has exhibited quite a resilient stance during the week, taking into account the prevailing strong sentiment towards the US dollar.
Gold key levels
The metal is now gaining 1.0% at $1,206.72 with the immediate resistance at $1,236.79 (high Feb.16) ahead of $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the downside, a break below $1,193.00 (low Apr.10) would target $1,180.50 (low Apr.1) en route to $1,178.20 (low Mar.31).