XAUUSD Spot Gold, E-Mini Dow Jones, Natural Gas

Daily Forecast – 16 April 2013 XAUUSD Spot Gold Spot Gold in the longer term could now head for 1284 after this breakout. Yesterday we fell a lot further than expected to reach 1322. We have been in free fall now for 3 days losing about 15%. We are very over sold in the short term & have seen a good bounce but we meet resistance today at 1391. A push through here is possible & could then target 1428/34. Watch for a high for the bounce here with the longer term picture still looking

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XAUUSD Spot Gold, E-Mini Dow Jones, Natural Gas

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