GOLD, support and break true the resistance!

mario urlic forex gold 24.02.

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.

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7 comments

  • Wow, nice move from the sellers, from 1253 back to 1227 for now. Huh, I missed this since I leave my office.

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  • MR Mario You are Doing Great Job..I was not see in Past any Expert trader in my life… But Now i can belived you are here …and i am sure You are the No#1 Trader In this world…

    Liked by 1 person

    • Thanks Hadi. 🙂 I am not Nr.1, but I will be!

      Liked by 1 person

  • Sve u svemu lijep dan za zlato danas i za moj buđet hehe, vidim poprilično loši rezultati za New home sales i PMI ,moglo bi jos gore zlato otici 🙂

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  • I entry long Gold from 1225.809 on sunday/monday night, after market open. Target 1254 is almost reached 🙂 I also entry long EUR/USD today at 1.09987

    Liked by 1 person

    • That’s nice, I added another 3,55% in my portfolio today only with gold. 😉

      Liked by 1 person

      • Can not wait for friday to see portfolio update. 🙂

        Liked by 2 people

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