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Gold is very unlikely to beat 1260

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 12 February 2016 Gold Spot Gold is very unlikely to beat 1260 for a long time. If we get anywhere near this level again it is an excellent selling opportunity but needs at least a 10 point stop. I would not really feel positive about Gold unless we broke above 1280. Holding below 1240 sees further profit taking to first support at 1228/27. If we get a bounce from here we could be offered selling opportunities in the 1250/60 area if we are lucky. However a break below 1225

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