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Gold Looks To Trade Higher

The Yellow metal increased significantly in the last days and aims the 1282 level in the upcoming days. Should climb further as the USDX is under selling pressure and could slip lower to reach the 92.49 long term static support. Moves in range, but maintains a bullish perspective, is targeting the 23.6% retracement level and the $1295 per ounce.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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