Forex Trader

Here we are, the day after fantastic gold turnover. As you can see in my chart, Gold opened the week exactly at support level, despite friday’s loss and fall bellow, (SL hunting). Yesterday, the bulls have taken over the situation and push the gold all the way to the 1208, to previous resistance level, where the bears have reacted and stoped the growth. What do we have today? You can see that trendline is holding from the outer side on the way down at 1199 for now and other trendline is holding on the way up at 1203. On the way down under the trendline, 1190/95 support is waiting for possible decline and 1208/10 above the second trendline, daily MA100 at 1211, if the bulls decide to attack 1220/23 today.