Strong economic data from the US and China provided the markets of industrial metals with solid support yesterday.
Today, after the 3 days of growth, the market of metals will probably stay flat waiting for tomorrow’s monthly unemployment rate.
This week gold has been supported by positive economic data and uncertainty at currency markets. The closest resistance level at the market of gold is 1400 while the support is located in the 1365-1375 area.
Strong economic data from the US and China provided the markets of industrial metals with solid support yesterday.
Today, after the 3 days of growth, the market of metals will probably stay flat waiting for tomorrow’s monthly unemployment rate.
This week gold has been supported by positive economic data and uncertainty at currency markets. The closest resistance level at the market of gold is 1400 while the support is located in the 1365-1375 area.
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