Gold defies market manipulations!
As I wrote in my gold analysis from March 17., if FED fails with concrete mesures, gold could bounce toward to 1180, that’s exactly what was happen here after FOMC. Gold catch 1175.40 high in Thursday and 1178.70 yesterday, but it stuck there. Why? As you can see on my chart, this level is ‘full of technical resistances’ and regardless of the fact that, the gold successfully resists market ‘usd manipulations’, this level would not be easy to brake. Be aware of this ‘cross road’ if you trade gold! For furder gains on gold, this level is very important to be broken.