Gold breaks 1400 on risk aversion, 1425 the target
FXstreet.com (New York) – Gold prices received a welcome boost in the form of looming geopolitical in Syria Monday, breaking the 1400 barrier/resistance, which has effectively kept the yellow metal down for the month.
At this juncture, the technicals remain bullish, helped by risk aversion that seems to be helping boost the price as well. Target the 1425 resistance, a break of which will open up 1445. At the time of writing, gold prices are trading at USD $1402.00 per oz. Monday.
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