交易新闻
23 Apr 2015
Gold: unresponsive to US data
FXStreet (Mumbai) - Gold prices remain stuck in the range of USD 1192-1188 as the markets ignored the slight uptick in the weekly initial jobless claims.
Gold struggles for direction
The metal has been stuck in the said range since the early European session on Thursday as weaker growth data in China and Eurozone capped losses, while the gains have been capped due to diminishing fears of an imminent default in Greece.
Investors now await the new home sales data in the US. Fresh cues may also come from the US stock markets.
Gold Technical Levels
The immediate support is seen at 1183.7, under which losses could be extended to 1178.5. On the other hand, a break above 1191.1 could see the metal re-test the psychological resistance at 1200.00.
Gold struggles for direction
The metal has been stuck in the said range since the early European session on Thursday as weaker growth data in China and Eurozone capped losses, while the gains have been capped due to diminishing fears of an imminent default in Greece.
Investors now await the new home sales data in the US. Fresh cues may also come from the US stock markets.
Gold Technical Levels
The immediate support is seen at 1183.7, under which losses could be extended to 1178.5. On the other hand, a break above 1191.1 could see the metal re-test the psychological resistance at 1200.00.