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21 Apr 2015
Gold retakes $1,200
FXStreet (Edinburgh) - The troy ounce of the yellow metal is trading on a firmer footing on Tuesday, managing to retake and trade beyond the critical $1,200 mark.
Gold propped up by risk-off sentiment
The precious metal remains near session highs around $1,204 following a rising sentiment towards the risk aversion. In fact, concerns about the near future of Greece keep building up along with geopolitical effervescence coming from Yemen.
Gold manages to recover ground lost from last Friday’s pullback, keeping the trade in the $1,200 neighbourhood so far.
Gold levels to consider
The metal is now gaining 0.65% at $1,203.68 and a surpass of $1,236.79 (high Feb.16) would aim for $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the other hand, the immediate support lies at $1,191.00 (low Apr.20) ahead of $1,184.00 (low Apr.14) and finally $1,180.50 (low Apr.1).
Gold propped up by risk-off sentiment
The precious metal remains near session highs around $1,204 following a rising sentiment towards the risk aversion. In fact, concerns about the near future of Greece keep building up along with geopolitical effervescence coming from Yemen.
Gold manages to recover ground lost from last Friday’s pullback, keeping the trade in the $1,200 neighbourhood so far.
Gold levels to consider
The metal is now gaining 0.65% at $1,203.68 and a surpass of $1,236.79 (high Feb.16) would aim for $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the other hand, the immediate support lies at $1,191.00 (low Apr.20) ahead of $1,184.00 (low Apr.14) and finally $1,180.50 (low Apr.1).