Spot Gold has been directionless for over a week now stuck from 1684.05 down to 1658.01. Yesterday we held resistance at 1682.18-1683.10 and above Monday’s low of 1662. We have 200 day moving average support at 1665 today. Any longs here need a stop below Monday’s low of 1662 for 1660/58.Resistance at 1673 but above here we could try for 1677.00/75 & a push through here targets 1682.18-1683.10 again with a possible high for the day. Above here however 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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