Isa Bullion Gold Update
11th April 2014
Gold traded higher in Asian and European sessions on the FED minutes release overnight.However,better than expected Weekly jobless claims spoiled the party. In the entire US session gold traded lower to neutral.Gold has sold off $100 after hitting 1391 in March and now recovered $50 from the recent lows of 1276.We think it is time for some consolidation before next leg higher.Support is seen around 1300-1310 and resistance 1332 in the days to come.Day-traders can buy around 1314 with stops below 1308 on an hourly closing basis.
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