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 comfortably high
Gold has stabilised above $1220, and with further momentum we can expect a move above $1229 and then to $1254.
Dips should continue to be bought, with possible support at $1210. A reversal below $1200 is needed to put the price back on a bearish trajectory.