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$
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.