The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Gold could see February low
Gold bears were rewarded with another bounce yesterday to sell into, with the progress lower continuing today.
A break below the 200-hour simple moving average ($1197) would be the ideal catalyst for more selling, with downside targets around $1190 and then the 10 February low at $1181.