Gold stuck at 1197!
This is the 4th day in a row that gold is stuck around 1197 level!? Swiss referendum move disrupted the technical analysis and it’s not possible to adjust the up trendline properly. All I can see now is 1178/80 support level on the way down, stronger at 1148—>1130/32. On the way up, first resistance lies at 1210, following 1220 —>1238/40. US dollar is bullish all over the market, but the gold is still steady at this level. This is it guys, I am closing the book for this week, it’s Christmas time and Santa Claus is coming to town soon. 😉