Spot Gold Forecast for 03/07 by

on March 07 2013 8:49 AM

Spot Gold held support at 1569/67 & held 1587/88 resistance as predicted. The same levels apply for today. 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 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


Spot Gold Trend Spot Gold Trend

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

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