GOLD, the bulls hold the control!

mario urlic forex gold 05.02.

Despite the US dollar strenght after the data, the gold bulls remain in control. Sure, the gold felt the market undecided moments as well after the data. At first, you can see that the gold price reached my predicted resistance at 1160/65 and after the US unemployment data fell to the 1145 support, the previous resistance from February 03., after wich the buyers have took over the precious metal again. For now, the gold buyers are determinated to return the price up at the resistance agin, showing that they have no fear of the possible FED actions in the coming period. Very interesting development today, here are the levels in witch I have pointed in my previous gold analysis.

 

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