Gold: Selling Opportunity Above $1193
Jason Sen | May 13, 2015 07:44AM ET
For Gold, same levels apply for today and above 1193 opens the door to a selling opportunity at 1198/99. Try shorts with stops above 1201. A break higher however targets strong resistance at 1205/06. Try shorts with stops above the 100 day moving average at 1210.
First support at 1188/87 but below here retests support at 1181/80. Again longs need stops below 1177 to target support at 1174/73. Longs here need stops below 1170. A breakout to the downside this week could accelerate losses & target 1167/66 then 1160. If we continue lower look for 1156/55 then 1151.
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