Spot Gold:
Gold has reached target, this seeing all longs covered.We would attempt small shorts, but keep tight stops above 1685 as if we break this resistance we are going to come higher for 1699.
So shorts instated to 1683 should be covered ahead of 1651 at 1655.Now we have made the break above 1651 we should be able to maintain strength above here...Failure however does put the market under pressure and we would see declines then towards the 1638/1632 support...
We are buyers here and we will hold unless we lose 1626.
Gold has reached target, this seeing all longs covered.We would attempt small shorts, but keep tight stops above 1685 as if we break this resistance we are going to come higher for 1699.
So shorts instated to 1683 should be covered ahead of 1651 at 1655.Now we have made the break above 1651 we should be able to maintain strength above here...Failure however does put the market under pressure and we would see declines then towards the 1638/1632 support...
We are buyers here and we will hold unless we lose 1626.