Forex Trader

What an effort from the buyers, but 1300 is reached! On this level the precious metal was last time in January 2015. and last week was very important for the buyers. After 2 months closing bellow the monthly MA100, they finally closed the price above that level in April at 1292, what gives an additional power for them in the beginning of the new week and month. This is not hard level to be broken because it’s psychological, while technical resistance is at 1307/10 from my point of view. On the way down, 1287/90 is the first support, 1272/77 the strong one! Way to go buyers!