02 February 2015 - During the trading hours on Friday, the Spot Gold raised its value from 1256.90 USD to 1284.90 USD. This morning it is trading at 1278.15-1283.55 USD.
According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1282.10-1287.60 USD, the aim will be reaching and testing the zone 1291.90-1297.05 USD. If it is successful, the upward trend will continue to 1300.45-1303.50 USD. If the precious metal drops below the support levels at 1276.90-1271.70 USD, it will try to find a next support at 1262.95-1256.90 USD. In case of breaking down, the downward trend will continue to 1251.00-1246.50 USD.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-02/
