Gold: Shorts Need Stops Above 1192
Jason Sen | Dec 02, 2016 03:01AM ET
Gold holding above 1173 allows a recovery to minor resistance at 1177/78. Above 1182 signals further gains to 1188/89 and the best chance of a high for the day. Shorts need stops above 1192. A break higher is positive therefore targeting 1195, 1197/98 and an excellent selling opportunity at 1203/05.
Holding below 1171 is more negative and targets 1168, 1164/63 then the 1161/60 low. This is not a support and further losses target 1157 then 1147/46.
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