09 February 2015 - During the trading hours on Friday, the Spot Gold lowered its value from 1269.00 USD to 1228.30 USD. This morning it is trading at 1234.45-1240.30 USD.
According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1242.15-1246.50 USD, the aim will be reaching and testing the zone 1252.05-1257.80 USD. If it is successful, the upward trend will continue to 1266.05-1271.70 USD. If the precious metal drops below the support levels at 1238.40-1233.60 USD, it will try to find a next support at 1226.60-1221.55 USD. In case of breaking down, the downward trend will continue to 1215.50-1209.60 USD.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-09/
