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Matt Hampton at Accredited FX in Costa Rica Says Gold is Poised for a Rise

Technical charts suggests a rally of the yellow metal after the patterns of the past 11 months. Matt Hampton at Accredited FX in Costa Rica believes we may be about to see a rally.

gold bars
PRLog - Aug. 6, 2012 - SAN JOSE, Costa Rica -- Gold made gains at the end of last week. This was after a higher than expected US jobs number lifted equity prices along with commodities. Employers hired the most workers in five months which bolstered the market rally but it's well worth noticing that the actual unemployment rate rose to 8.3% making it ever more likely for a third round of quantatitive easing soon.

"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.

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Source:Accredited FX - Press Office
Location:San Jose - San Jose - Costa Rica
Industry:Banking, Finance
Tags:Matt Hampton, Matthew Hampton, Accredited FX, gold, commodities
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