Gold shines again!

gold 02.04.

Gold is back with yesterday’s $28 gain, covering three falling days in a row. The low of 1180 had pushed the gold strongly up all the way to 1208, just near the trendline and daily MA100 at 1210. Today, the gold is slightly pulled back to 1202 at the moment and all I see here is first support at 1201 (H4 chart), 1190/95 could be next, the stronger one if 1201 breaks. Gold don’t look bullish today and I doubt that gould gold overtake daily MA100 and down trendline like this, but yesterday’s daily candle looks awesome and that could be the trigger for furder gain. Let’s see.

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