Technical forecast for Spot Gold

Spot Gold held a very tight range last week from 1561 up to 1586/87 so we watch these parameters this week.

Below 1579 we could test support at 1569/67 again today & a break below last week’s low of 1561 could signal a retest of February lows at 1555.

We will need to hold above 1579/80 for another test of 1586/88 resistance. This could hold the top of the market again today but if we start to push higher look for 1595 with 1605/09 the target above.