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Gold first support at 1074/75

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 05 January 2016 Gold Spot Gold 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. 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

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