Back
15 Jul 2013
Gold higher shy of $1300 ahead of China GDP
Gold is last trading at $1292, and Silver at $20.12, both near session highs, ahead of key data for the session at 02:00 GMT in the form of China GDP, with Tokyo markets closed for holiday.
According to 2ndSkiesForex founder Chris Capre, the $1267/70 area for Gold “is still short term support, and while it holds, we remain short term bullish. Upside targets will be 1300, 1307 and 1318 which for those interested in selling will want to look for intraday price action signals to short.”
Oil in the other hand dips below the $105.50 mark, but holding above $105 now working as support, and capped below the $106 handle, after recovering Friday from around the $104 lows.
According to 2ndSkiesForex founder Chris Capre, the $1267/70 area for Gold “is still short term support, and while it holds, we remain short term bullish. Upside targets will be 1300, 1307 and 1318 which for those interested in selling will want to look for intraday price action signals to short.”
Oil in the other hand dips below the $105.50 mark, but holding above $105 now working as support, and capped below the $106 handle, after recovering Friday from around the $104 lows.