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Gold Eyes $1400 As China GDP Looms

From capitaltrustmarkets.com

Key Takeaways Gold bottomed at $1277 before resuming the bullish trend The ongoing rally is expected to test the long-term trendline resistance around $1400 China’s GDP report will provide more clear direction to the metal Gold extended the upside movement last week after bottoming around $1277 in the week before. The bullish trend is likely to continue this week, however short-term correction might be in play near $1334. In the medium term, the yellow metal is expected to print a Higher High (HH) above the $1392 resistance area. Technical Analysis Gold is being traded around $1327 at 3:15 GMT in Asia. The metal is ... (full story)

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