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FX.co ★ Gold: bulls prevail

Gold: bulls prevail

After a good rally, gold halted near the resistance zone. Yesterday, the market was prevailed by bulls. We penned a positive divergence in charts, hence it came true. Thanks to all the bull bidders and to the indicators. For today's trading session gold levels are following:

NEAR TERM - 1 278 strong resistance.

INTRA VIEW - Above 1,268 only upward moves.

Resistance 1,268, 1,278, 1,290, 1,295.

See also: Start Forex trading with a European level broker!

Support 1,255, 1,247, 1,240, 1,237.

A close above 1,295 brings more bullish sentiment. In case of a close below 1,237, bears take control. Important levels are 1,215, 1,210, CMP 1,257.

Gold: bulls prevail

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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