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Gold: where to next?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold has been quietly edging higher in recent weeks and today finds itself at just shy of $1110 per troy ounce. From its low point in December to the high it hit earlier this month, the metal has tacked on a good $65 or just over 6 per cent. Gold’s recovery has been driven almost exclusively by a rise in risk aversion, for the US dollar has also risen during this period. Global stocks have had their worst ever start to a year on fears about a global economic slowdown, most notably in China. At

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