"If gold can break it's resistance at $1640 we could be looking at some good profits in the coming weeks and months" says Matt Hampton, a Senior Broker at Accredited FX in Costa Rica.
He goes on to say "If we don't break resistance in the coming week I still think we are likely to see gold trading at around $1630 and opportunities to profit from it again won't be far away.'
Both Matt Hampton and Accredited FX hold various positions in gold options with varying expiry dates.
Accredited International provides Forex trading services to corporate and institutional investors throughout the world from their head office in San Jose, Costa Rica.
Accredited FX is the managed accounts division of the company and provides Forex trading services to retail investors with minimum account balances starting at $5,000. Clients have access to one of the most sophisticated online trading systems available.
To open an account with Accredited FX, please visit our website at http://www.accreditedfx.com or call our client services team at +1 855 274 7539.
Forex trading involves substantial risk of loss and is not suitable for everybody. Only risk capital should be invested.