Market Overview

Technical Forecast for Spot Gold

Technical Forecast for Spot Gold


Spot Gold edged back up to 1428/34 & has pushed higher towards 1450. The outlook is more positive if we hold above 1434 & if we make it through 1450 today look for 1469/70, possibly a move as far as 1503 this week. Exit longs here & try shorts with a stop above 1515.
1428/34 is now good support & should hold any weakness but below here we could reach 1405 then 1395/90 where we could see a low for today if we fall this far.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


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