Gold Poised to Break Higher?

Tuesday, 11/04/2017 | 08:21 GMT

Disclaimer

XAU/USD failed to make a meaningful break below the $1250 level during yesterday’s session and is once again eyeing a move higher. Look for resistance at previous highs around $1260 then $1267.50.

GBP/USD is seeing thin volumes although technicals offer little room to argue for a rally from here. Look for support at recet lows of 1.2365.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/gold-poised-to-break-higher

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