Forex Trader

Gold is breaking true the daily MA200 today, 1220/23 resistance as well. High for now is 1227, but 1238 could be the next target for the bulls, even the US dollar is slightly recovering in the market. As you can see, 1240/45 could be stronger resistance here, but I like to call those levels as targets when bulls are in action like this one. You can see how I treat that levels when I trade gold. Don’t mess with the bulls where they are on the run! As I say, US dollar is trying to recover in the market and there is some indications for it’s slight recovery, that’s why you should be carefull here. For furder gain, daily should close above this resistance level. I am not in the position and I don’t search for it today.