FX & CFD trading involves significant risk
Currently gold prices hold at $1511.50/oz with trading range is limited by $1493.40 - $1511.91. For any kind of upward momentum the gold will need to vault last week's highs near $1513.71 and then the 55-day MA ($1518 on Tuesday). Edel Tully from UBS says "rather than rallying now, gold is likely to stay rangebound either side of $1500."
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.