Forex Trader

Gold didn’t manage to brake down trendline in April 01./02. at 1208 and it didn’t trade on NFP day. After NFP bad data, US dollar was slamed in the market and it was obvious that gold will open new week with gap up, that exactly happen yesterday. Gold opened the week at 1214, after wich attempted to brake 1220/23 resistance, but the sellers was stronger after US dollar was returning from the loss on Monday. Today, the gold is bearish and for now testing Daily MA100 at 1210 and previous resistance, now support at 1208. That levels are holding, but if that breaks, there is trendline waiting for the next slide at 1203 and 1190/95 support as well. On the way up, 1215 is first minor resistance, 1220/23 is next, the stronger one!