GOLD, the buyers have almost reached the goal!
As I pointed in my previous gold analysis, the buyers are strong in January and they have almost reached my predicted target near 1135. Yesterday high was 1128 and they have stoped by trendline in wich I have pointed in my last analysis from January 26. Gold doesn’t shine today, which is normal according to my technical analysis, the buyers have retreated to lower levels. First minor support is 1115/18 and the strong buyers are waiting at 1100/05 in my point of view. On the way up, trednd line at 1128/29 is still first resistance, daily MA200 at 1132 second and 1135/40 strong one.