SNB has pushed gold to 1260!
SNB removes 1.20 cap and that was the trigger for gold bulls. Supported again at 1226 for the third day in a row, after the news from Switzerland gold is literally flew through previous reisistance at 1244 and touch 1260.90, the high of the day. At this moments gold is cooling down and searching for the new support on the way down. Could 1244 be the new level for the buyers? Strange day with unexpected moves from SNB, but I wrote on my morning gold analysis, that we could expect another attack at 1244.