GOLD, line of defense holds 1200!

gold 20.02.

It looks like 1200/05 provides a sollid support as I mentioned at my previous gold analysis. Yesterday’s growth was suddenly stopped at 1223 and gold was returned down all the way to 1205 again. As we can see today, 1202 push the gold up again to 1215 for now. Daily MA100 as an resistance is placed at 1217, and previous resistance from yesterday at 1223 could be next target for the bulls, 1233/38 follows. On the way down, 1205  is first minor support, and 1200 again. Great development on gold, technical works just fine.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s