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 back above $1200
The recovery goes on for gold, but until the price recovers and closes above $1214, putting it back above the 50-day simple moving average (SMA) as well, this may be another selling opportunity.
Above $1214, the downtrend resistance from the April high comes into play.
.jpg)
