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Forex - US Chart COMEX Apr Gold Update: Inching toward 1246/50 zone as gold eyes DXY and S&P futures


 12:00 (GMT) 17 Feb

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US Chart COMEX Apr Gold Update: Inching toward 1246/50 zone as gold eyes DXY and S&P futures (0100-LJCX-C01)

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Asterisk denotes strength of level

12:00 GMT - GCJ7 at this point in the day does have a very tight range, which could be ready to expand quite rapidly into the weekend if the DXY and stock mkt make any key moves into the weekend. The slow slog gold rally still has room to target the 1246/50 zone soon and if the mkt can accelerate through 1250 then we look to the 200-day MA at 1272. 1st main support is the 100-day MA at 1224. R.Z


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