Spot Gold Forecast for 02/06 by


Spot Gold has been directionless, holding last Thursday’s range of 1684.05 down to 1658.01. We have some support today from the 9 day moving average and yesterday’s low at 1667.25/1666.85 but below here we should test short term Fibonacci and 200 day moving average support at 1666.60. Any longs here need a stop below Monday’s low of 1662 for 1660/58.The over night high is 1675.10/15 and above here look for 1677.00/75 but a push through here can target 1682.18-1683.10. Above here we can test the high for the past week at 1684.10/85.





Long term levels1754.46     Nov High1723.45     Dec High1709.09     100 Day Moving Average1696.20     Jan High1672.69     Nov Low1650.60     100 Week Moving Average1635.75     Dec Low1626.68     Jan Low


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