Gold Future April 2015 Contract
A resilient consolidation to start the week after the bearish correction Friday, back from the 1290 resistance level to see a rebound threat and ease the pressures for a further correction.
Bigger picture, whilst above the 1227/22 area we see upside pressures resuming into mid-February.
- We see an upside bias for 1245/46; break here aims for 1269.
- But below 1236 opens risk down to 1228/27/22, which we look to try to hold; break here aims for 1206/1200/1198.
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4 Hour Gold Future Chart