GOLD, 1262 is very important level!

mario urlic forex gold 08.06.

The gold is marching upward since the last terible NFP data and it reached 1253 today, the H4/MA200. In my point of view, 1260/65 level will be very important for furder development here and if the bulls can manage to break that level, the road toward 1305/10 can be open again. It’s possible for that level to hold on the way up and return the precious metal down again and that’y why you should be patient if you would like to take a position on gold. For those who are already in, watch this level closely. On the way back down, 1250/52 is first and decent support for now.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s