Gold probably will stay above $1,630 an ounce in the next several months and may rally to at least $1,800 before starting a decline in the second half of this year, according to technical analysis by Societe Generale SA. The $1,630 area consists of the highs reached last summer, support levels from a declining trend channel since October and a rising support line since May, the bank said. If prices climb above the $1,703-$1,706 area, they’ll probably rally and peak between $1,800 and $1,921 in the second half, before starting a gradual decline to as low as $1,500 by next year, it predicts. Bullion rose a 12th straight year in 2012, the best run in at least nine decades, as central banks from...
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