04 February 2015 - During the trading hours yesterday, the Spot Gold lowered its value from 1285.75 USD to 1255.35 USD. This morning it is trading at 1256.50-1267.60 USD.
According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1266.05-1271.70 USD, the aim will be reaching and testing the zone 1276.90-1282.10 USD. If it is successful, the upward trend will continue to 1287.60-1291.90 USD. If the precious metal drops below the support levels at 1257.85-1252.05 USD, it will try to find a next support at 1246.50-1242.15 USD. In case of breaking down, the downward trend will continue to 1238.40-1233.60 USD.
Source - http://www.trading212.com/en/Financial-Analyses/2015-02-04/
