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Gold holding first support at 1075/74 re-targets strong resistance at 1079/80

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 06 January 2016 Gold Spot Gold 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 & December highs at 1088/89. If we continue higher look for a test of minor resistance at 1091/92. Just be aware that further gains target 1094 then 1098/99. First support at 1074/75 but below

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