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Gold key to direction is strong support at 1081/80

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 13 January 2016 Gold Spot Gold key to direction is strong support at 1081/80. This is an excellent buying opportunity BUT we may have already seen the low for this correction at 1083. If this is the case we look for a recovery to first resistance at 1091/92. Shorts here look too risky & if we continue higher look for stronger resistance at 1099/1100 for some short term on any remaining longs. Try shorts with stops above 1104. A break below 1076 is a sell signal. This means

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