CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300
Gold settled up but on weekly basis seen under pressure as an improving U.S. economic outlook dented its appeal as an investment-hedge.
Prices largely ignored a U.S. government report which showed falling U.S. consumer spending for the first time in a year in April.
Heavy technical selling throughout the week sent bullion prices below $1,250 for the first time since Feb. 4.
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