Sasha Singh
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Will Gold Come Back to the Highs of 2013?

Gold is continuously rising since the beginning of the year 2014. Analysts were expecting Gold to fall this year. On the daily chart the pair was consolidating between the two trend lines and recently broke the resistance at 1294.43 today after the weak US economic data came out. The breakout on the chart gives a signal of the continuation of Uptrend. The next resistance the pair may find at 1305.75 which was previously acting as a support, however if it crosses this level also the pair will find next resistance at 1325.55.