The shining metal breaks above $1,760. How soon the 2012 heights may be beaten?
Gold reaches new high
The price for the yellow metal has crossed the level at $1,341. The next resistance will lie at $1,355. If bears take over the market, they will try to pull the price for gold lower towards the support at $1,320. The next key level will be placed at $1,305. Technical indicators, such as RSI and Stochastic show that the market is overheated. If Stochastic indicator forms a crossover in the overbought zone, it may provide a selling opportunity.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.