Spot Gold Forecast for 02/06 by Daytradeideas.com

 
on February 06 2013 4:52 AM

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.

Spot Gold Spot Gold  daytradeideas.com

 

Spot Gold Trend Spot Gold Trend  daytradeideas.com

 

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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