Purchases Gets Stronger with China Data / GOLD / 21/01/2015 08:14:30With no important economic data from the USA, upward movements continued with positive data flow China such as retail sales, industrial production and GDP. Within this, gold broke 1296 USD level upwards.
Today; USA building permits and housing starts...
will be followed.
Technically; if gold stays above 1296 support, then purchases may get stronger and 1305 level would be tested. If gold breaks 1296 support downwards, then 1287 and 1275 supports would be followed. Especially; sales may get stronger after breaking of 1275 support.