May 24, 2013
Commodities Brief – Precious metals capped at key resistances, crude recovers and targets upside at 95.50
Gold continues to push higher, however the upside move was initially capped at the 1400.00 key resistance level. Ultimately, a clear break above 1400.00 will confirm investors bullish expectations, and signal a short-term upside reversal initially towards 1445.00-1450.00 area. In these moments, the price of gold is trading at USD $1390.50 per oz. Friday during European trading.
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