GOLD, magnetic at 1200!

gold 25.02.

The day started beautiful for the bulls, gold opened at 1200 which was the low of the day for now, climb higer to 1211.90 during the Asian sesion, but after that slowly retrets for hole day and aproaching 1200 again. This level technicaly looks a bit deferent then before, could this push the gold higher again, for real this time, at least at 1220–>1235!? Gold closes the last three days at 1201.01, 1201.54, 1200.33! How about today?

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6 comments

  • I am long from 1198, with target at 1280. What do you think Mario? Is it reachable?

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    • Everything is reacheble, but question is when? 🙂 As you can see, 1220 was first resistance and US dollar strenght on the market had pushed gold back again. For now, bulls are holding this decline at 1207/08… Let’s see for how long and could they push gold back!? 1210 could be resistance again. It was nice start of the day, again, yes. 🙂

      Liked by 1 person

      • Thank you Mario. 1207/8 hold for now. 🙂

        Liked by 1 person

  • 1219.72 high today! 🙂

    Liked by 1 person

  • I think Gold is now gone to primary target 1225

    Liked by 1 person

  • It could be. Double bottom at 1190, return to 1200 one more time and fly. Interesting.

    Liked by 1 person

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