Levels To WatchIt is a relatively quiet week ahead for economic data so technical levels could be important factors to watch for gold investors.Baruch said that the first support level to watch is $1,340, which gold managed to hold Friday. A break below that level could lead to a test of $1,320, which has held as support since the Brexit breakout in late-June.Streible is watching the $1,320 level while slightly more bearish Weinberg said $1,300 gold is realistic in the near term. “We haven’t spent much time above $1,300 and that is the key level to watch,” Weinberg added.Chris Beauchamp, market analyst at IG, said that with gold looking a little overextended, there is a chance that prices could hit $1,305 an ounce in the near-term.The Final SayLittle economic data next week means market participants can take a short vacation; however, they might want to be back for the end of the week as markets will receive July retail sales data.
đang được dịch, vui lòng đợi..