GOLD win $80 in January, lose $70 in February!
In January gold opened at 1205, just above the Monthly MA100 which has pushed gold higher for $80, but in February gold lose $70 and that same MA100 must defend the price from the bigger fall. Gold close February at 1210 and still have $5 gain in 2015., but what next? You can see those triangles and trendlines, there is MA100 and support levels above 1130, the question is could gold try to attack 1300 again, where the several resistance levels are placed. Could this 1130–>1300 be the range for gold in March? Keep this longer term chart and leves in mind, if you are trading gold.
Gold can not overtake daily MA100 and 1220. 😦
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Unfortunately not, you’re right.