Forex Trader

Last friday gold manage to find the current bottom at 1130 and strongly rejected all the way to the 1180, the weekly strong resistnace level and 38.2 fibo return of the October 21. –> November 6. fall. I pointed out that possible scenario in my previous analysis from November 07. After that sharp move gold losing the power and can’t find enough

After the several interesting days on gold, bears still hold the precious metal in control. Wheter the bulls reach their territory over 1180?  Let’s see what could happen first here at 1160 where we have a solid support for now. Up trendline is waiting for possible turn out today, because gold is looking slightly bearish now. If 1160 holds today,

After the ‘surprising’ growth of gold on Friday, USD bulls decided to cool the metal down all the way to 61.8 fibo return of the friday growth. But as I pointed at my analysis from thursday, area around 1180 will be a very strong resistance. Friday $ 46 up, from 1332 to 1178, Monday $ 30 down from 1178 to

Global warming is melting even gold? 🙂 Of course not, but gold melts furder and today has find a new 4 years low at 1130. It looks like the gold was oversold in the last period and that the bulls decided to buy this precious metal at multi year low level all the way back to the 1245. Could this 1130

Sharp decline on gold started from 1255 didn’t stop and gold didn’t manage to rebound at all, but for now hold the defense line at 1160. Weak JPY and strong USD are pushing gold continuously down at it seems that gold could try to test that 1160 support again!? Could it brake and continue to fall furder toward 1130 where I

🙂 Funny or not, we have a clear H&S at gold, H4 graph!

I was pointed at my gold analysis yesterday this 1200/05 support and the bulls are holding that level today, but if that brakes 1180 will be in danger 4th time. Could that level hold one more time or this will be the final attack it would be interesting to see. Most of the major banks are predicting gold bellow 1180

To taper or not to taper? FED’s decision is the main event today and what if they don’t taper all the expectetd 15B usd? This is how gold looks today and what are the technical support/resistance levels. For the third day in a row gold is supported at 1225/30 and what could happen today after FED’s decision. On my oppinion, 15B