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Gold initially hit the target 1116/18

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 27 January 2016 Gold Spot Gold initially hit the target 1116/18 & topped exactly here as expected, dipping to the first support at 1109/08 & bottomed exactly here. We then broke higher to the next target of 1122/23 & topped exactly here. We look a little overbought now short term to watch for profit taking today. First support at 1116/15 but below here targets a buying opportunity at 1111/1110. Longs need stops below 1108. A break lower however targets an excellent

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