GOLD, the buyers are determined again!

mario urlic forex goldII 17.02.

For sure it looks like that after we see strong defend line at 1200, which they have build during the day. Sellers were persistent today as well, at first attacking the strong support zone at 1195 and during the day 1200 for several times, but the buyers manage to defend that level and they have return the precious metal in their favor again. On the smaller TF’s we could see a roller coaster ride after wich the buyers are trying to push the gold true the resistance level and trend line at 1209/11. If they break this, the momentum will be on their side, but can they succeed before FOMC and what to expect latter? It could be a sharp moves on gold. Can we see for the precious metal to return the glow in full or the sellers will took over again? What’s you’re view traders?

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10 comments

  • I think that XAU/USD will go’s down to 1186.66 as a first daily support for today.

    Liked by 1 person

  • Target on gold 1242 wave 3 in h1 starts and huge wave B

    Liked by 1 person

    • Next target on gold 1190 catch the wave 🙂 starts now at 1230 and stop loss 1240

      Like

  • Bulls eat some grass, and now return 😀

    Like

  • Dobro su ga izrokali sa 1265 na 1190, moralo bi se malo to poravnati na 1235 opet, da. Moguće.

    Liked by 1 person

  • FOMC will help to return the glow for $20 at least.

    Liked by 1 person

    • We could see 1235 after the FOMC. That’s my view, but we will see.

      Liked by 1 person

      • Here we are Mario, near 1230. Have you traded this?

        Like

        • Sure I am. Entry at 1201/1202 and I closed everything now. You can see it at my performace, it’s just updated. 🙂 https://forextrader.live/investorshedgefund/

          Like

          • 53K today and you still holds max.DD at 0,99% from the beginning. This is realy freaking awasome man. 🙂

            Like

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