GOLD, support and break true the resistance!
I wrote in my Gold analysis from February 22. when gold touched 1200 again that, I don’t see gold bearish despite US dollar strenght and here we are two days latter, the buyers reached 1250. At first, they manage to break triangle yesterday after wich the gold was supported at 1220/22 today and fly high true the resistances. Well, this is stongly bullish now and the buyers have two targets in front, 1255 and 1270 to reach. The precious metal is little overbought now, but the bullish momentum is still very strong. On the way back, there is first support at 1240/45. Very nice technical move from witch I have pull the most of it in my portfolio as well.