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 Bank S.A. 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 bounces from support
There has been strong buying for gold around the $1214 level so far in the past 24 hours.
A rally from here would be normal within the context of a downtrend, but it will have to move above $1265 to escape creating a new lower high. Fresh declines bring the $1205 level into play.