SaxoTV

Hansen: Gold trading against the odds

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August 26, 2014 comm, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commodities”, commoditiies, commodity, commodity corner, commodity currencies, commodity currency, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity prices industrial output, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, common currency, gbp, gold, gold bars, gold bonds, gold bullion, gold buy, gold buying, gold commodities, gold commodity, gold confidence, gold demand, gold dollar, gold exchange, gold falls, gold future, gold investing, gold investment, gold levels, gold long, gold low, gold market, gold predictions, gold price, gold prices, gold prices', gold resistance, gold spot, gold supply, gold support, gold trade, gold trading, gold trading levels, gold us, gold warning, golden, golden opportunity, goldgold, goldilocks, goldman, goldman sachs, goldprice, goldpricetrend, gold”, golæd, saxo tv, tradingfloor.com
We've seen Gold hovering around a two month low this week, thanks to a stronger USD and rising stock markets. However, we're now seeing some interesting movements. Saxo Bank's Head of Commodity Strategy Ole Hansen gives us his assessment of the latest price action plus he outlines his thoughts on the best trading strategies.

Trendline support: 1272
Now broken above 200 day moving average: 1284.5

Sell above 1296
Stop: 1302