Global gold prices are still under pressure , it is forming a new lowest level in the last six months . Gold prices are at USD1.215 per troy ounce .
" Gold prices are still depressed last night , so this morning the gold price rebounded back to the area USD1.221 per troy ounce , " said the Head of Research and Analyst Monex Ariston Tjendra in his research , Wednesday ( 04/12/2013 ) .
According to him , the momentum in the gold price is still visible today and is likely to push gold prices back toward weakening . It is estimated that gold will be in the range of USD1.215 per troy ounce and even approaching the area USD1.200 per troy ounce .
" However, market participants should be aware of the potential increase in the price of gold these days when prices can move above resistance USD1.226 per troy ounce with the potential strengthening area approaching USD1.234 per troy ounce , " he explained .
This evening some important movers of the U.S. market could reverse the downtrend in gold prices , especially when the data is very poor . Data that needs to be considered is the ADP Non -Farm Payrolls , ISM services sector , and new home sales data .
" Gold prices are still depressed last night , so this morning the gold price rebounded back to the area USD1.221 per troy ounce , " said the Head of Research and Analyst Monex Ariston Tjendra in his research , Wednesday ( 04/12/2013 ) .
According to him , the momentum in the gold price is still visible today and is likely to push gold prices back toward weakening . It is estimated that gold will be in the range of USD1.215 per troy ounce and even approaching the area USD1.200 per troy ounce .
" However, market participants should be aware of the potential increase in the price of gold these days when prices can move above resistance USD1.226 per troy ounce with the potential strengthening area approaching USD1.234 per troy ounce , " he explained .
This evening some important movers of the U.S. market could reverse the downtrend in gold prices , especially when the data is very poor . Data that needs to be considered is the ADP Non -Farm Payrolls , ISM services sector , and new home sales data .
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