Forex Trader

As you can see, gold bears are waiting at 1244 and successfully stoped the bulls for the second time in the last two days, pushing gold back at the start of the day. 1226 support is solid and 1220 is waiting for decline but gold still looking bullish. Could we see a new attempt to 1244 today?

Despite strong US dollar, gold continuously reach new tops. I wrote on Friday, that bulls want’s 1235/40 and here we are. Yesterday gold already catch 1235 and today even more 1244, aiming to the next target at 1255/60, daily MA200 and previous resistance from October 21. On the way down, outer trendline could stop the decline at 1230, lower stronger support at 1220,

With solid support above 1205, gold is steady after NFP and want’s to go higher toward 1235! Down trendline at 1220 holds for now on the way up, 1223 is next test if trandline brakes, the previous resistance from December 16. and January 06.

Although it seems that there have been major fluctuations in the price of gold in 2014. the price per ounce fell only 1,7%. Gold was opened the 2014. at the level of 1204 usd and close the same year at 1183 usd. The highest price of the year was 1392 usd and the lowest price was 1131 usd, what was

Gold opened the new year at 1184 usd. Loking bearish the first day of the year with low of the day at 1167, brake the previous support from December 22.,23.,24. and in these moments hold at 1170. This is weekly chart and this could be the fail brake, but it looks like the gold is aiming the daily up trendline ‘2014.

This is the 4th day in a row that gold is stuck around 1197 level!? Swiss referendum move disrupted the technical analysis and it’s not possible to adjust the up trendline properly. All I can see now is 1178/80 support level on the way down, stronger at 1148—>1130/32. On the way up, first resistance lies at 1210, following 1220 —>1238/40. US dollar is

Have you traded gold in the last two days? Yes!? Here you are! There is no need for analysis, you are busted! 🙂

After yesterday’s surprising gold fall, gold is back today and cover the complete loss at this time. 1220/22 is first resistance, following 1235 and 1238/40. Amaizing turnover supported with two up trendlines push the shiny metal stongly up from 1191/93. Support? First at 1208/10 again. This is great! 🙂

As I wrote in my gold analysis from December 10., ‘the bulls have a lot of work here on the way up’, we can see that gold is stoped at December 09. exactly at 50.0 fibo return from the July 10. –> November 07. fall and back slowly to the support level at 1208/10 today, pushing down continuously with H4 down

As I already mentioned in my previous analysis, gold hit 50% fibo return from the July 10. –> November 07. fall and daily MA100 at 1237/38. There is strong weekly down trendline as well, near 1250 and resistance/previous support at 1255, following 61.8 fibo at 1265. Gold is looking bullish, but this levels betewen 1237 and 1265 are the real test for the

Let’s take a look what do have on weekly chart at gold? After the Swiss gold referendum results, the gold opened last week with decline to the strong support at 1246/48 and rocketed on the same day up, all the way to the 1221 high. The rest of the week gold moves from 1215 and 1286, trying to consolidate and close