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 moves higher
Having stabilised around $1260, gold has begun to move higher, although it needs to move above $1270, the high from Wednesday, to provide confirmation of bullish strength.
Above $1270 the price will head towards $1280, then $1296 and $1300. A loss of $1260 would suggest a bigger pullback, taking the price down to $1250 and then $1240.