Gold Technical analysis

The world is changing, and the sequence of events become shorter and shorter from one to another – last week was SNB’s sudden withdrawal of the EURCHF floor of 1.2 and further reduction of interest rates. This move has greatly intensified speculations that the ECB meeting is January 22nd to discuss policy changes.  January 25th, we have the Greek elections where the country may leave the European Union. There is potential conflict with the Ukraine situation still
Gold finished the Friday trading session in New York at $1,280.30 spot, up $17.70 on the day. Volume, net of roll-overs out of the February was 186,000 contracts.  we can see that Short Sentiment is changing from negative to positive but The weekly trend remains down
        ,expect the upper bound of 1320-1340 to be tested,move up could lead to 1460 area

stop-loss for the uptrend stay around 1240 area
key support stay in 1225 area.

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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