13 Feb 2015
Gold positive around $1,230
FXStreet (Edinburgh) - The ounce troy of the yellow metal is posting meagre gains on Friday, keeping the trade in the vicinity of the $1,230 level.
Gold closes another week in red
Gold is advancing for the second consecutive session, although it won’t help closing the week in the red territory. The metal continues to correct lower from recent peaks near $1,310 in mid-January, despite the extended better tone from the riskier assets and the consequent softness surrounding the US dollar.
Gold relevant levels
At the moment the metal is advancing 0.67% at $1,228.90, facing the next hurdle at $1,238.70 (high Feb.11) ahead of $1,245.90 (high Feb.10). On the downside, a dip beyond $1,216.50 (low Feb.11) would expose $1,205.50 (low Jan.8).
Gold closes another week in red
Gold is advancing for the second consecutive session, although it won’t help closing the week in the red territory. The metal continues to correct lower from recent peaks near $1,310 in mid-January, despite the extended better tone from the riskier assets and the consequent softness surrounding the US dollar.
Gold relevant levels
At the moment the metal is advancing 0.67% at $1,228.90, facing the next hurdle at $1,238.70 (high Feb.11) ahead of $1,245.90 (high Feb.10). On the downside, a dip beyond $1,216.50 (low Feb.11) would expose $1,205.50 (low Jan.8).