Daily Forecast - 13 April 2015
Gold Spot
Gold first resistance at 1211 is key to direction & a good chance this will hold the topside today. Try shorts with stops above 1214. However on a break higher 1212/11 acts as support & we could then target 1218/19. If we continue higher look for a selling opportunity at 1224/25 with stops above 1229.
Failure to beat 1211 should trigger a move lower towards first support at 1205/04. If this does not hold the downside we target 1198 then meet good support at 1196/95. A low for the day is likely but there is further good support at 1193. Longs need stops below 1189. A break below here is more negative for this week & targets 1184/83.
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