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4 Mar 2015
Gold rises in EUR terms
FXStreet (Mumbai) - Gold prices strengthened in the EUR terms after the German and Eurozone services activity indices printed weaker than the preliminary estimates.
Gold: Stuck near 50-DMA
Gold prices appear stuck near the 50-DMA located at EUR 1085.83/Oz levels. Except the 50-DMA, the metal trades above all other major short-term and long-term moving average levels. Moreover, the metal has managed to outperform international Gold prices, which are down 0.07% at USD 1203.60/Oz. Meanwhile, Gold in EUR terms is up 0.47% at USD 1082.20/Oz levels.
Gold (EUR) Technical Levels
The immediate resistance is seen at 1085.83 (50-DMA), above which prices could test 1100 levels. On the flip side, support is seen at 1082.39 (5-DMA) and 1073.42 (10-DMA).
Gold: Stuck near 50-DMA
Gold prices appear stuck near the 50-DMA located at EUR 1085.83/Oz levels. Except the 50-DMA, the metal trades above all other major short-term and long-term moving average levels. Moreover, the metal has managed to outperform international Gold prices, which are down 0.07% at USD 1203.60/Oz. Meanwhile, Gold in EUR terms is up 0.47% at USD 1082.20/Oz levels.
Gold (EUR) Technical Levels
The immediate resistance is seen at 1085.83 (50-DMA), above which prices could test 1100 levels. On the flip side, support is seen at 1082.39 (5-DMA) and 1073.42 (10-DMA).