Gold took advantage of US retail data rises above resistance levels

Gold took advantage of US retail data rises above resistance levels

Gold took advantage of US retail data rises above resistance levels

Maintained the price of gold on the gains made during yesterday’s trading session where deliberated prices near $ 1192 per ounce even weak US data releases began to exploit the gold these results and rises above support at $ 1196 strongly to exceed the level of $ 1210 with the opening of US markets, which opened in a positive way Unlike the dollar index, which decline by close to 0.90% path.

But experts and analysts have Takovo during the day to give any critical analysis for the yellow precious metal as there are from pointed out that gold might target level of $ 1215 with exceeded the psychological barrier at $ 1,200 per ounce and with the bypass resistance levels this may continue about $ 1223, according to their expectations, It is noted that most experts are unanimous in the opinion that gold prices may drop sharply after this rises according to what they expect.

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