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Gold Forecast

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Gold technical analysis forecast with trade signals and tips. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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Gold Forecast - Spot
Gold bottomed exactly at first support at 1274/73.

We wrote: bulls remain in control as we hit all targets as far as 1276/77. Above 1279 today targets 1283 & 1289...

The 1289 target has been hit as we look for a retest of double top high this year at 1295/96.
Today's Analysis
11 August 2017 Updated at 01:18am GMT
Gold bulls remain in control as we hit all targets of 1276/77, 1283 & 1289 before the 1295/96 double top high for this year. We should struggle here today in overbought conditions & could hit minor profit taking before the weekend but I think this will be broken eventually - if not today then next week.

First support at 1283 but below here risks a slide to 1280 with good support at 1277/76. Try longs with stops below 1272. On further losses look for a buying opportunity at 1269/68, with stops below 1263.
Technical Analysis Gold