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Gold outlook is less positive with short term risks increasing to the downside

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

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 13 April 2016 Gold Spot Gold outlook is less positive with short term risks increasing to the downside. Holding below 1255/54 targets good support at 1250/49 but longs here are a little risky today. If we continue lower look for 1246/45 then a buying opportunity at 1242/41. A good chance of a low for the day but longs need stops below 1236. Holding above 1254/55 could retest 1260/62. Further gains look unlikely at this stage but would target minor resistance in the 1267/70

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