Spot Gold has been directionless, holding last Thursday’s range of 1684.05 down to 1658.01. Yesterday we held Tuesday’s range and above support from the 9 day moving average 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.We have managed a push through 1677.00/75 to target 1682.18-1683.10 now. 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 Low
1626.68 Jan Low
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