05 February 2015 - During the trading hours yesterday, the Spot Gold raised its value from 1256.50 USD to 1271.90 USD. This morning it is trading at 1265.40-1273.85 USD.
According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1271.70-1276.95 USD, the aim will be reaching and testing the zone 1282.15-1287.60 USD. If it is successful, the upward trend will continue to 1291.90-1297.05 USD. If the precious metal drops below the support levels at 1266.05-1257.85 USD, it will try to find a next support at 1252.05-1246.50 USD. In case of breaking down, the downward trend will continue to 1242.15-1238.40 USD.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-05/
