GOLD, monthly MA100 on test again!

mario urlic forex gold monthy 04.03.

Third green month in a row for the precious metal and second attack on monthly MA100, which has stop the buyers in February. Gold bulls broke the triangle  yesterday and previous resistance at 1265, after wich the bullish momentum continued today as well. High of the day is 1274.84 and it’s not a question of resistance level in this area, but the monthly MA100 instead. Next technical resistance and target for bulls could be 1285 > 1307. Support is waiting at 1250/55 on daily. But, let’s take a look at the montly TF. In my point of view, 1200 is strong support now and possible next target for the bulls in the coming period could be even 1400!? This is just a beginning of the March and the buyers have advantage now to brake true the monthly MA100 in the coming days/weeks. This area will be very interesting and the precious metal is for sure the story for itself.

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One comment

  • Ecimovic Bojan

    Pozdrav Mario , bas juce nesto gledam na Alparijevom sajtu i vidim ponude za stotine pamm racuna. Procenti uspeha na godisnjem nivou nenormalni barem za moja poimanja, (xexe malo su preterali), mada dok je ovaca bice i vune. Posle toga mi pade napamet da te pitam sto ti ne otvoris pamm racun pa da upravljas tudjim investicijama i ti postavis tekst ispod mada pitanje i dalje stoji.
    Inace otvorio sam novu poziciju short aud/usd 0.7385 na d1 se lepo vidi kanal ,a i nivo je dobar. Imas li neko misljenje o ovoj trgovini ili bilo ko drugi?

    Like

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