Daily Forecast - 15 April 2015

Gold Spot

 Gold Spot

Gold outlook remains negative & failure to beat 1193/94 triggers a move towards support at 1184/83. We should hold here initially at least but with the outlook quite negative be ready to go with a break below 1179 to target good support at 1174/73. Try longs with stops below 1170.

First resistance at 1198/99 is a selling opportunity with stops above 1201. On a break higher we meet resistance at 1204/05. Further gains are unlikely but shorts need stops above 1208.

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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