Traders Alessio Rastani and Kevin Burton discuss the outlook on Gold for the coming weeks and months (see above video).
One of the topics discussed was that Gold is looking very choppy at the moment and not attractive environment for traders.
Gold has also tested a critical support level around the 1550 – 1560 region. This levels have been tested in September and December 2011.
Kevin Burton believes that the more time Gold comes and tests this level it has a higher probability of breaking this level.
When Alessio asks Kevin at what price he will buy Gold if it gets cheaper, Kevin replies that the yellow metal needs to get a lot more cheaper – such as 1300 – before it becomes a buy for him.
Do you agree with the views discussed here and in this video? Let us know and leave your comment below.