The price of Gold started to fall as the U.S. Pending home sales data came out better-than-expected. The price has been currently falling as the positive outlook over the fundamental data taking over. The price might drop even lower if the U.S. CB Consumer Confidence beats the expectation. The situation in Russia might cut possible losses so we should watch the support at 1,280. The trend is slightly bearish with support at 1,280 and resistance at 1,307.
April 29, 2014 – Commodities News
Hot Asset For Today: Gold
The price of Gold started to fall as the U.S. Pending home sales data came out better-than-expected. The price has been currently falling as the positive outlook over the fundamental data taking over. The price might drop even lower if the U.S. CB Consumer Confidence beats the expectation. The situation in Russia might cut possible losses so we should watch the support at 1,280. The trend is slightly bearish with support at 1,280 and resistance at 1,307.
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