Rose With US Data / Gold / 28/01/2015 10:12:44Yesterday durable goods orders came in lower than market expected in the US. Also durable goods orders declined compared to the previous year. But consumer confidence and new home sales data stay remained above expectations. In this context gold rose till the 1297 USD level.
Today FED’s rate decisions and policy statements will be...
followed in the US side.
Technically gold holds on above the 1287 USD level. In case of the gold breaking the this level, then the 1275 support level can be targeted. However in case of the gold staying above the 1287 level, then the 1305 resistance level would be aimed.