GOLD, another great prediction!
If you take a look at my gold analysis from May 16. this is the level on wich I have pointed as possible target for the sellers. They have reached 1230 low today for now and the complete recent gain from end of the April is erased. 1282/87 fail break was indication for me that this could happen here and I followed the move with my short positions on gold, which I have also described here few days ago. The stock markets have huge gains today and it’s normal for gold to melt furder, we will see where is the end? Despite this huge strenght from the sellers this level should hold for now, but if this level breaks, there is trend line at 1220, after wich daily MA100 at 1212 is the next target for the sellers, 1208 the next one. Current support at 1227/32 could become a strong resistance in the coming days if the buyers fail to hold. Sellers looks determinated enough and it will be interesting to follow the move and this fight.