daily gold forecast

so here i am back again
will post gold forecast daily

Gold forecast 19th july 2012… gold levels are not changed much as gold trading flat at 1577$ a good support at 1562$ if this click and gold remain below this level than gold price can hit till 1555-1547 and more.

a good resistance now at 1584$ if this click and gold remain above this resistance than it can hit till 1590-1600$

resistance nw at 1594$

How does this information help anyone?

Gold is trading higher 1623$ now a good resistance in gold price for today at 1628-30 range if this click and gold price manage to remain above this level then we can see fireworks till 1637-1644

a good support in gold price no at 1614$ if this click and gold manage to remain below this level then we can see gold dropping till 1607-1600$ and below 1600$ even more.

Bias: Rangebound.. Above resistance it will fire only.. else weak

WATCH $GOLD - It has been moving to narrow triangle, soon nowhere to go - it must breakout ; up or down ? everyone wants to know: "Speculative long exposure by hedge funds continues to be subdued as momentum is currently nowhere to be found. No doubt they will be watching price action closely as they DO want to get involved as soon some new direction can be re-established. " - & when they jump on board - price move will be big . If drop below (check yourself) 1600 , will go down .. target about 1555 then below 1500.

yep.... gold seems stuck in a narrow range

current price is 1606, I think it'll be drop, but not as you mentioned, to 1555-->1500.
The economy depression, let the gold still had strong support.