Forex Trader

The precious metal started the year positive with third day in row in green teritory. Gold bulls have finaly manage to brake down trend line, but the strong resistance at 1085/90 is holding now. If they manage to pass true this resistance, daily MA100 and resistance level at 1110/15 could be the next target for them. That level will be crucial for furder developments here and closing above MA100 could give the buyers additional strenght, after which they could try to reach daily MA200 at 1135/40. Sure, let’s go step by step and let’s see how will they manage this first strong resistance and on my point of view, very important level.