Gold rallied upwards as the Asian session started and China re-opened after a week-long holiday. The price has so far climbed to $1,212/ounce. Today, traders should pay attention to a second testimony from Janet Yellen. Her comments were taken as dovish yesterday but it could change today and push the price of the yellow metal back down.
The movement is sideways. Support is found at 1,186.5 and resistance at 1,216.
February 25, 2015 – Commodities News
Gold
Gold rallied upwards as the Asian session started and China re-opened after a week-long holiday. The price has so far climbed to $1,212/ounce. Today, traders should pay attention to a second testimony from Janet Yellen. Her comments were taken as dovish yesterday but it could change today and push the price of the yellow metal back down.
The movement is sideways. Support is found at 1,186.5 and resistance at 1,216.
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