19 Jan 2015
SEB: Buy Gold on any dips, target USD 1296/99 – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that any dips on Spot Gold must be bought and USD 1289 and USD 1296/99 levels should be targeted next.
Key Quotes
“Best single week gain since Aug’13. Gold had its best single week since mid Aug 2013 and this count for something. Price action remains notably bullish and is defying near- & short-term stretches. Dips should be bought into as refs at 1,289 & 1,296/99 should be targeted next (as there are objectives still to fill even higher up at 1,322/25 and at 1,341/45 later. Strong support pockets are located at 1,271 and at 1,255/46.”
Key Quotes
“Best single week gain since Aug’13. Gold had its best single week since mid Aug 2013 and this count for something. Price action remains notably bullish and is defying near- & short-term stretches. Dips should be bought into as refs at 1,289 & 1,296/99 should be targeted next (as there are objectives still to fill even higher up at 1,322/25 and at 1,341/45 later. Strong support pockets are located at 1,271 and at 1,255/46.”