SaxoTV

Grexit? A golden reason not to panic

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February 17, 2015 china, china economy, china growth, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity currencies, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, currency, ecb, ecb action, ecb euro, ecb meeting, ecb news, ecb policy, ecb rate, ecb rate decision, ecb rates, economics, economy, euroc, fx, fx trading, gold, gold bars, gold bonds, gold bullion, gold buy, gold buying, gold commodities, gold commodity, gold confidence, gold demand, gold dollar, gold exchange, gold falls, gold future, gold investing, gold investment, gold levels, gold long, gold low, gold market, gold mining, gold predictions, gold price, gold prices, gold resistance, gold sell, gold spot, gold supply, gold support, gold trade, gold trading, gold trading levels, gold us, gold warning, golden, goldman, goldman sachs, goldprice, google, google earnings, google equity, google investment, google profit, google profits, google results, google revenue, google share price, google shares, government, government bonds, governor, gpbusd, greece, greece bailout, greece crisis, greece debt crisis, greek, greek bailout, greek crisis, greek economy, greek election, greenback, greexit, grexit, growth, ole hansen, saxo tv, tradingfloor.com, usd
Greek debt deadlines are looming and markets have been reacting but no sings of panic...yet. Saxo Bank's Head of Commodity Strategy Ole Hansen has been analysing the Gold market for clues and trading suggests a relaxed mood despite the most recent talks between the Greek finance minister and the Troika breaking down. So are Gold traders discounting a Grexit? 

Gold is holding above USD 1219 with 1200 as the next key support level and 1240/50 the upside resistance levels, according to Ole who also explains what will happen to Gold prices when China begins week-long New Year celebrations this week.