GOLD, the buyers have almost reached the goal!

mario urlic forex gold 28.01. - Daily

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.

Advertisements

One comment

  • Fantastic predictions Mario, especially with this trendline! Thank You. 😉

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s