Gold: A Choppy Trade
ICN.com | Dec 22, 2014 05:36AM ET
Gold saw a very choppy trade above 1,181.85 last week. Meanwhile, stability above this level is positive and can keep the upside chances very high. Better yet, holding above 1,200 will be necessary to confirm the extension this upside trend this week, where we might see possible attempts to break above 1,213.05.
Stability above 1,213.05 will make 1,238.25 a very likely target once again. However, breaking below 1,181.85 will halt the upside move, and might push the metal towards 1,159.20.
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