Spot Gold Forecast for 03/06 by Daytradeideas.com

 
on March 06 2013 8:24 AM

Spot Gold held support at 1569/67 as hoped & halted at 1587/88 resistance as predicted Below 1579 we could now test support at 1569/67 again today & a break below 1565 could signal a retest of February lows at 1555.We will need to get back and hold above 1579/80 for another test of 1587/88 resistance. This could hold the top of the market again today but if we start to push higher look for 1595 with 1605/09 the target above.

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 High1655          100 Week Moving Average1635.75      Dec Low1626.68      Jan Low1620           Last Week’s High1611           23.6% Fibonacci1565           Last Week’s Low

 

The article was first published by DayTradeIdeas.com

Share this article

More News from IBT MEDIA