XAU Spot Gold, WTI Light Crude, Brent Crude, Gasoil ICE, Natural Gas, RBOB Gasoline

Forecast for 8th March 2013

XAU Spot Gold

Spot Gold

Spot Gold holding support at 1569/67 & 1587/88 resistance.

Below 1579 we could now test support at 1569/67 again today & a break below 1565 could signal a retest of February lows at 1555.

We will need to hold above 1579/80 for another test of 1587/88 resistance. This could hold the top of the market again today but if we start to push higher look for 1595 with 1605/09 the target above.

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