FXWW News/Technical Analysis

Gold higher in early trade

The initial reaction to the Fed’s review decision┬áhas been to send Gold higher, presently trading back above $1300 and up 1.5% from Fridays close. Silver is also on the move, also +1.5% in very early trade.

Next resistance in Gold is a previous low at $1325 and a break above there is likely to set off some trailing stops.

Leave a Reply

Your email address will not be published. Required fields are marked *