FXstreet.com (Barcelona) - Since opening just above $1140 an ounce, the gold contract for June has added about $5 and continues to push higher. Currently the yellow metal trades at $1144.50 after peaking at an intraday high at $1146.50.
Oil N' Gold places the next resistance levels at $1146.00 and $1152.80. On the downside, the next support points are $1140.00 and $1133.20.
Gold is recovering losses from a two-week low earlier in the week. Positive corporate earnings have put the bullion in high demand after Goldman Sachs fraud charges hit the commodities market hard.
