Greece Jan Consumer Price Index (YoY) decreases to 0.2% vs 0.8% (Dec)

According to the Technical Analyst Team at ICN.com, “The pivotal resistance of 1685.00 continued to act as a hard technical obstacle preventing bulls from taking gold higher. The daily closing was achieved again below SMA 50 and also below SMA 20. Thus, the bearishness is in favor over intraday basis but not before beating the support of 1663.00, whilst 1695.00 should act as a ceiling for bears.”