9 Apr 2015
Gold declines in the EUR terms
FXStreet (Barcelona) - Gold prices fell in Euro terms after the data in the Germany showed the industrial production and Trade surplus ticked higher in February.
Stuck between 50-DMA and 200-DMA
The gains in the metal were capped earlier today at the 50-DMA located at EUR 1114.00. On the other hand, the losses were restricted around 200-DMA located at EUR 1107.26. Moreover, the upbeat German data capped gains in the metal around 50-DMA.
Gold in the EUR terms currently trades 0.26% lower at EUR 1112.65/Oz, while in the US terms the metal currently trades 0.68% lower at USD 1194.80/Oz.
Gold (EUR) Technical Levels
The immediate resistance is seen at 1114.00 (50-DMA), above which gains could be extended to 1120.00 levels. On the flip side, a break below 1107.26 (200-DMA), under which losses could be extended 1100.00 levels.
Stuck between 50-DMA and 200-DMA
The gains in the metal were capped earlier today at the 50-DMA located at EUR 1114.00. On the other hand, the losses were restricted around 200-DMA located at EUR 1107.26. Moreover, the upbeat German data capped gains in the metal around 50-DMA.
Gold in the EUR terms currently trades 0.26% lower at EUR 1112.65/Oz, while in the US terms the metal currently trades 0.68% lower at USD 1194.80/Oz.
Gold (EUR) Technical Levels
The immediate resistance is seen at 1114.00 (50-DMA), above which gains could be extended to 1120.00 levels. On the flip side, a break below 1107.26 (200-DMA), under which losses could be extended 1100.00 levels.