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 looks like it can still move higher
So long as $1250 holds a move back towards $1275/$1280 is still possible for gold, and then beyond this to $1300. A break below $1250 brings rising support around $1220 into prospect, with some support around the May 2015 peak of $1233 possible as well.