GOLD, join to our discussions and this is why!
This is why it’s important to participate in discussions on my blog. In my last gold analysis from February 17. I have pointed that the buyers have took over the precious metal at 1200 and build a strong support at that level. Latter in our discussions in the same article we have predicted the possible development after the FOMC minutes, in wich I have wrote that I see the precious metal at 1235 after the FOMC. A day after, the gold was supported at 1200 again and reached 1240, where the sellers have took over again and return the gold to the previous resistance, now support at 1220 in the morning. Could this level hold the sellers now, or we will see furder decline. How the buyers will react again? Let’s discuss.
>>> Btw. It’s very important for all of you who are following my analysis to check and to follow the comments as well and not only because of the possible predictions. You all know, how many changes in the market is happening during the day and intra-day analysis must be covered with comments latter, in wich you can find a very useful infos and explanations of what is going on and why. Stay tuned!
I think Gold will try again 1254 but is necessary to break 1240.
I traded gold today again, 1221/22 > 1231,40 and I am out. The gold trades boost my performance in the sky! 😉 https://forextrader.live/investorshedgefund/ And yes it’s bullish, but this is consolidation now, after the huge growth in the previous month. Must act quickly, with not much waiting. You see how they fill the long orders near 1220 and then up and again and again.
For today is very good, but i say for a couple of days for 1240-1254 levels. Yesterday Goldman Sachs recomended short on Gold in the 1000$ zone 🙂 but i don’t trust that.
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Your analysis always Great….Great job Keep It…