GOLD, sellers are testing support again!
Strong pressure from the sellers today for the second time and gold reached 1272, the lower/stronger support line after 1275 from the European session. I pointed in this level as support in my Gold analysis from May 02. in wich I have pointed at the strong resistance above the 1300 level as well. Gold started day with fall at first at support at 1275 where the buyers have took over and returnedthe gold up to 1290 on ADP data. 30 minutes latter, on the ISM Non- Manufacturing PMI and Factory orders data the sellers took over again and returned the precious metal to support again. Here we are, it will be interesting to see can the buyers hold again!?