Moves Horizontally / GOLD / 20/01/2015 10:04:18While gold cruised weakly, with no strong movements around, on the day which US markets were closed; continued to hold above 1275 USD level. This morning; we see no significant movements despite China GDP, industrial production and retail sales data.
no important data flow today; FOMC’s Powell speech would stand out.
Technically; if gold could be stable above 1275 level, then 1287 resistance would be aimed. If gold loosens below 1275, then 1265 and 1255 supports would be aimed. Gold’s technical aim seems upwards.