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Minor support at 1090/89

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 07 January 2016 Gold Spot Gold short term outlook now very positive on the break above 1080 of course but we are overbought short term. Minor support at 1090/89 but better support at 1087/86. However if we continue lower look for an excellent buying opportunity at 1082/81. Longs need stops below 1076. Just be aware that a close below 1079 would be more negative going forward & suggest a false breakout yesterday. Holding above 1089 keeps bulls in full control &

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