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 eyes $1300
Gold is off the highs of last week (just above $1270), but since it is holding above $1265 we continue to think more upside is possible.
A push through $1275 would still target $1300, while a failure to move higher could risk a move back to $1250. This would still risk a move to $1200 should selling intensify.