Naturally we've seen good buying of gold as trader's hedge geo-political risks and traders will be keen to see if the spot level can test the downtrend drawn...

Chris Weston

Pepperstone

Naturally we've seen good buying of gold as trader's hedge geo-political risks and traders will be keen to see if the spot level can test the downtrend drawn from the October 2012 high at $1363. Momentum clearly favours a test of this level in the short-term, with the five-day moving average pulling away from the ten-day and the MACD on the daily chart firmly above zero. If long stay long.


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Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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