Gold – Is $1,200 a Possibility? (Video)

Oanda Senior Market Analyst Craig Erlam says gold is likely to stabilise and a sell-off to $1200 seems unlikely in the short-run, unless the ongoing dead cat bounce in the USD translates into a full fledged dollar rally.

Gold Gains Limited as ADP Nonfarm Payrolls Beats Expectations

Yellen and Draghi Headline Busy Schedule

GBP/USD – Pound Edges Higher as Services PMI Meets Expectations

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam