Daily Forecast - 15 April 2015
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.
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