Gold market is trying to exceed 1250 USD level with the latest trend. When we look at the recent developments in the global market, there are a lot of different risk factors and uncertainity. So, the gold market is pricing them. Gold is traded at the level of 1226 USD in the evening, and the bullish trend continues. In the continuation of the upward movement, the 1230USD  level, which corresponds to the 200-day exponential moving average, stands out as the first strong resistance. After exceeding this level, Gold market may try the 1250 USD level in near future. Protecting 1220 USD level will be important in retreats. Below this level, we will be following the 1,200 USD  support, which corresponds to an average of 1208 USD and 50 days exponential movement. As long as the 50-day moving average is maintained, the bullish trend can be expected to continue.

Comment Send

• 

  European Central Bank makes a revision on growth and inflation forecasts

• 

  Inflation shows its affect on European economies

• 

  Developing Country Currencies are Losing Value

• 

  Oil prices are losing its profit before Noel Holiday

• 

  Gold market will focus on US Non-Farm Payrolls Data in next days

• 

  The global markets are following latest developments of Fed

• 

  UK Market is giving positive signals to the election decision

• 

  Global markets are rising with China Inflation Data

• 

  Gold is experiencing trough levels on global markets

• 

  BoJ is protecting its monetary policy