ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


Gold has immediate support at 1190/1188 but below here keeps the market under pressure to target support at 1182/80. This could hold the downside again but longs need a stop below 1176. Be ready to go with a break lower to target 1172 then 1169/68 & perhaps as far as 1164/63.

Holding above 1190 opens the door to a recovery to 1201/1203 today. It could still be worth trying shorts again with stops above 1206, even though this trade did not work yesterday. Be ready to go with a break higher again however to re-target strong resistance at 1212/1213. Look for a high for the day here and try shorts with a stop above 1216.