Gold has remained bullish against USD

May 14, 2014 by

The gold has moved up to 1303.35 after lower than expected French CPI (Consumer Price Index) and UK average earnings index.

Since the tensions rising again in Ukraine again, gold remained bullish and expected to test the next resistance of 1315 level.

Currently, it has remained after Bank of England has upgraded its growth forecast from 2.7% to 2.9%.

According to the most analysts, the precious metal will remain as bullish until the tensions ease in Ukraine.

 

 

xauusd h4 01.05.2014