GOLD, can buyers finaly break 23.6 fibo?
Buyers are trying hard, but the resistance level at 1263/66 is strong and it’s 23.6 fibo return from the recent 1000 pips fall. Can they break this level? They looks determinated enough, but the question is were the sellers will take over again!? Don’t forget at the daily MA200 which is here at 1264 as well. Next stronger resistance where the sellers are waiting is at the 1277/82 and that’s also the 38.2 fibo retrace. That could be the next target for buyers if they can break this. But, can they? Support at the 1256 holded the recent fall and returned the precious metal up. Stronger buyers are waiting at the 1240/45. Tough job for the buyers after the gold crush.