9 Mar 2015
Gold advances near $1,170
FXStreet (Edinburgh) - The troy ounce of the precious metal is trading in the lower bound of the intraday range near $1,165 on Monday, down from highs above $1,170.
Gold recovers from sell off
The yellow metal is managing to gain some ground after the deep pullback post-Payrolls last Friday, dropping to levels last seen in late November around $1,160.
Renewed jitters regarding Greece and its ability to make further progress in the recently submitted reforms package propped up the buying interest around Gold today, although it still remains below the critical $1,200 handle.
Gold important levels
At the moment the metal is gaining 0.15% at $1,166.10 and a surpass of $1,174.40 (high Mar.9) would open the door to $1,200.00 (high Mar.6) and finally $1,223.00 (high Mar.2). On the other hand, the immediate support lines up at $1,162.90 (low Mar.6) ahead of $1,146.00 (low Nov.14) and then $1,141.70 (low Dec.1).
Gold recovers from sell off
The yellow metal is managing to gain some ground after the deep pullback post-Payrolls last Friday, dropping to levels last seen in late November around $1,160.
Renewed jitters regarding Greece and its ability to make further progress in the recently submitted reforms package propped up the buying interest around Gold today, although it still remains below the critical $1,200 handle.
Gold important levels
At the moment the metal is gaining 0.15% at $1,166.10 and a surpass of $1,174.40 (high Mar.9) would open the door to $1,200.00 (high Mar.6) and finally $1,223.00 (high Mar.2). On the other hand, the immediate support lines up at $1,162.90 (low Mar.6) ahead of $1,146.00 (low Nov.14) and then $1,141.70 (low Dec.1).