Daily Forecast - 06 January 2016
Gold Spot
Gold holding first support at 1075/74 re-targets strong resistance at 1079/80. This is the most important of the day & again shorts need stops above 1084. A break higher however is a buy signal today & sees 1081/80 act as good support to target 1086 & December highs at 1088/89. If we continue higher look for a test of minor resistance at 1091/92. Just be aware that further gains target 1094 then 1098/99.
First support at 1074/75 but below here meets better support at 1068/69. This could hold the downside but longs need stops below 1065. A break lower targets 1061 to try longs with stops below 1057.
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