Thursday, February 5, 2015

investing in gold: Falling gold may be limited target level of $ 1255


investing in gold: After that gold prices rose this morning, the yellow metal returned to correct to the bottom, but a strong, touching the level of $ 1258 per ounce and comes because of concerns that cast a shadow on the market that the European Central Bank may not accept Greek bonds in exchange for providing Suelh state which may constitute a blow to Greece and makes Eurodollar fall in the next trading, and gold also failed during the day by exploiting the low European stock markets and the disappearance of important US data.
But analysts point out gold support may soon find at $ 1255 per ounce and it is trying to climb back to the level of $ 1285 an ounce, according to their expectations and with the penetration resistance level of the yellow metal will continue to be valuable to $ 1295 and then will target of $ 1305, and in either case we break the support level to bottom it gold drops to the level of $ 1238 an ounce, according to expert analysis. Gold investing news