Gold 10/04/2016

Gold breaks the strong support around 1300 and now it is at 1284 area. We forecast that the will find the support at this area and pull back a bit, if it didn’t break through 1284 area.

If gold finds the support well at 1284, when it pull back to 1300 area, we can short gold.

When gold breaks 1284, it might go to 1265 and we will see how it reacts at this area, which is the 0.618 pull back on day chart.

gold_oct04_2016

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