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Gold outlook negative as long as we hold below strong resistance at 1235/36

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 06 April 2016 Gold Spot Gold outlook negative as long as we hold below strong resistance at 1235/36. Try shorts again with stops above 1239. However we must be ready to reverse in to a long position if it looks like prices have made a sustained breakout above 1238. This would be a buy signal & targets 1243/45 initially then 1254/55. First support at 1225/26 again today but a break lower is possible & targets 1222 then 1217/16. Below here is more negative for today

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