GOLD can't brake daily MA100!

gold 02.03.

The third day in a row gold can’t manage daily MA100 and 1220 level. During the Asian sesion gold catch 1223, but Europe turn the gold down again and that’s not strange if you follow gold moves. US market continue to push down and gold is back in red at 1208 for now, probably aiming 1200 again? I wrote in my previous gold analysis that 1200 is magnetic for gold in these days, it’s looks like I was right, as I pointed at 1220 as an first resistnace as well. Let’s follow the next moves now, because here at 1208 is no major technical points and levels, I can’t find them, not until 1190/95. Do you see something?

AM partner01

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5 comments

  • My long was hit at break even last night, 1199.48 To bad when I see that gold is back at 1210 after, but let’s wait another chance for entry.

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    • Strange move last night, yap. To bad Sandy.

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  • 1195 low and back to 1210, that was nice move last night. Like I said, 1190/95 was support. Cristi, what happened with your long with 1225 target, have you close that one? It was near yesterday, 1223 high. Sandy, what happend with your long?

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  • Possible H&S, neckline at 1170/80, remember that Mario?

    Liked by 1 person

    • Sure I remember Al, we will see. This up trendline and 1190 could push back in the coming days!? But for now, bears are still in control!

      Like

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