Tuesday March 24, 2015 11:45 AM
Analysts at Bank of American Merrill Lynch remain bullish on gold prices, expecting to see some consolidation at current levels in the near-term. They say the $1,195 to $1,215 area will be the key technical area to watch as it represents a 4-month trendline. “Through here confirms a bullish turn, targeting the Jan-22 high at $1,307 and beyond,” they say. “We remain bullish for $1,307/$1,345.”
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