Gold declined by $30 today, for now!

gold 29.01.

Gold bears finaly manage to brake 1277, support for days and gold declined today by $30. It seams that this is not only the profit taking, or? US dollar strenghtnes is all over the market again and precious metals are strongly down. It will be interesting to see, how will this 1255 level react now and where are the gold buyers? Daily MA200 is near 1253 and 1255 is previous resistance from October 21. If that level breaks, lower support and possible target for today’s bears is 1238/40, previous resistance from December 09./10.

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3 comments

  • Imaš pravo, hvala ti

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  • danas da si prste odgrizem…taman da ujutro krenem shortati zlato na 1281 a cijena taman ispod 200sma-1h i 100sma-1h, ..vidilo se od sinoć da cijena gubi moment a meni neka bubica u glavi da bi moglo još jedanput gore…a Ti si neki dan još napisao da bi zlato trebalo promatrati za short !!!….Mario očekuješ li negdje u ovoj zoni 200 DMA neki povrat za gore ? ..vidim da je tu i 21 EMA (daily) …

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    • Treba pustiti da završi ovaj dan, USD je nenormalno bullish i trenutno ne treba tražiti mjesto za preokret.

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