GOLD, bulls refuse to give up!

gold 04.05.

Gold have found buyers again, this time at 1170 on Friday. At the start of this week, gold is bullish from the begining, from 1176 and the precious metal catch the high of 1192.90 for now. Despite US dollar strenght, gold is holding good, but this level could be resistance level again, the previous support/resistance from April. H4/MA200 is placed at 1193.47, MA100 at 1196, that could be a next test on the way up. If gold retreats back, 1185 is the first support, 1180 next, 1170/75 the stronger one. Gold moves are not clear enough, but we could find technicaly hiden support/resistance levels and trend lines.

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