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Gold first support at 1260/59

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 07 March 2016 Gold Spot Gold first support at 1260/59 but below here is more negative & targets 1253 then 1250/49. If we continue lower look for the most important support of the day at 1247/46. Try longs with stops below 1242. A break below 1245 is a short term sell signal & targets 1240 then 1235, but we could fall as strong support at 1229/28 for a buying opportunity. Holding first support at 1260/59 re-targets trend line resistance at 1267/69. If we continue higher

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