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Gold is overbought as we warned yesterday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 28 January 2016 Gold Spot Gold is overbought as we warned yesterday & in need of a short term correction. First support at 1115/14 could hold the downside initially this morning & we could bounce to 1119/1120. However a break lower perhaps later in the day is certainly possible & targets an excellent buying opportunity at 1109/08. A low for the day is expected but longs need stops below 1105. Minor resistance at 1119/20 but above here could targets strong

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