Wed, 03 Dec 2014 09:35:07 GMT
Gold consolidates above 200-hour SMA
"The dollar's strength is gold's biggest enemy. Investors are wondering whether yesterday's rally in oil prices was a dead-cat bounce."- Infinity Trading Corp. (based on Bloomberg)Pair's OutlookXAU/USD cross continued hovering slightly above the $1,200 threshold, which is supported by the weekly R1 at $1,192 from the south. At the same time, we predict the bears to succeed in crossing this