Daily Forecast - 23 January 2017
Gold Spot
Gold above 1209/10 this morning to target strong resistance at 1218/19. HOWEVER be ready to buy a break above 1220 for some profit taking at the next targets of 1228/29 & 1232/33.
Failure to beat 1217/18 targets 1209/10 then 1206/05 which could hold the downside. HOWEVER further losses test support at 1197/95. Try longs with stops below 1192. A break lower however is a sell signal & sees 1197/96 act as resistance targeting the best support for today at 1183/82 for profit taking on shorts.
Gold Current Trading Positions
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