GOLD, the buyers reached sellers teritory!
As I see it, the sellers have took over while I was drawing my chart. Here is how the daily looks like and where the buyers have took over in the beginning of the week. 1225 was the strong support and the precious metal was boosted up strong in the last three days, all the way to 1270 today! A little suprising to me, we will se the bears now and how they will react!?
Just a quick update. The sellers have took over and sharply returned gold from 1270 to 1248 in 30 minutes sesion. As I wrote in my headline, that was a strong resistance and a sellers teritory. Let’s see what next, very interesting day on gold.