AliBean

Gold broke through 4200 in Asian trading but then retreated to around 4170. #GOLD As long as gold holds above the 4155 support level, it still has room and momentum to rise. If gold breaks through and stabilizes above 4200, it will lay the foundation for the next upward move. 4120 is a key support level for gold; if a pullback occurs, it's a good opportunity to add to positions at this level.