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2 Apr 2015
Gold clings to $1,200
FXStreet (Edinburgh) - After dropping to the area of $1,195, the troy ounce of the yellow metal has managed to recover the $1,200 handle.
Gold lower post-US data
The positive releases from the weekly report on the US labour market today saw a knee-jerk in Gold prices, in light of the critical Non-far Payrolls for the month of March due tomorrow (244K exp.). The metal is shedding some of Wednesday’s strong gains, albeit keeping the trade above the $1,200 mark.
Gold important levels
At the moment the metal is losing 0.16% at $1,202.08 and a breach of $1,195 (low Apr.2) would expose $1,181.00 (low Apr.1) and then $1,178.00 (low Mar.31). On the other hand, the initial hurdle lines up at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16).
Gold lower post-US data
The positive releases from the weekly report on the US labour market today saw a knee-jerk in Gold prices, in light of the critical Non-far Payrolls for the month of March due tomorrow (244K exp.). The metal is shedding some of Wednesday’s strong gains, albeit keeping the trade above the $1,200 mark.
Gold important levels
At the moment the metal is losing 0.16% at $1,202.08 and a breach of $1,195 (low Apr.2) would expose $1,181.00 (low Apr.1) and then $1,178.00 (low Mar.31). On the other hand, the initial hurdle lines up at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16).