Forex Trader

Tough beginning of the week for the precious metal which is sliding backward all day, start from 1235, reached the low at 1208 for now. Where are the buyers? In my point of view, they are waiting at aprox 1200>1195>1190 and that could be the strong support if the gold falls to that level. This is already huge decline, but

What a two weeks on gold, woow! I can’t find something similar in a long time and this is only an idication of how much investors are afraid in the moment. Talk about possiblity of interevention from the SNB and BOJ stoped the CHF and JPY, but gold… Who will intervene here? I wrote in my previous gold analysis in

After the gold buyers have reached weekly MA100 and strong resistance at 1195/1200 on February 08., four days latter they have manage to break true the same and reached 1205 at first > 1210 latter during the Asian sesion, after which thay have build the new support at 1205 and continue to push higher in the European sesion, all the way

The gold price was near weekly MA100 last time in January 2015. In my previous gold analysis, you can see that I have targeted this level, step by step with start at 1045 > 1080 > 1195 and here we are today, with high of 1199 for now. Almost connected with weekly MA100, there is strong down trend line near as well,

Despite the US dollar strenght after the data, the gold bulls remain in control. Sure, the gold felt the market undecided moments as well after the data. At first, you can see that the gold price reached my predicted resistance at 1160/65 and after the US unemployment data fell to the 1145 support, the previous resistance from February 03., after

After the buyers have broke 1135/40, as I pointed in my gold analysis from February 02. the gold bulls will try to reach higher levels toward 1160/65 > 1190 and that is exactly what is happening now. 1140 provided a solid support today and the gold is heading toward next resistance levels, or like I would say in the days

With high at 1130.46 today, the buyers have fail to reach daily MA200 for $0.6, but the trend line is still on place and want let go. As I pointed in my gold analysis from January 28., the buyers have took over the precious metal at 1108 on Friday, exactly at my support point and reached the trendline yesterday at 1129.76, which

As I pointed in my previous gold analysis, the buyers are strong in January and they have almost reached my predicted target near 1135. Yesterday high was 1128 and they have stoped by trendline in wich I have pointed in my last analysis from January 26. Gold doesn’t shine today, which is normal according to my technical analysis, the buyers have retreated to lower

I am ready, let’s move on! Despite US dollar strenght, the precious metal is holding very well and the bulls would like to reach 1135/40, the daily MA200. As I wrote in my previous gold analysis from January, daily MA100 and 1110/15 level was strong resistance, from where the sellers have returned the gold to 1080, but the buyers have