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 rally provides chance to sell
Momentum in gold has been weak since mid-January, and the rally this week was another selling opportunity.
The next targets are $1314, $1307 and then $1295. A barrier to further gains has been $1340, so a break above here is needed to clear the way to $1346 and then $1358.
.jpg)
