Gold was breaking the very important zone of 1.245. This Level is now a very important support level!
Now I think we will see the 1.300 level very soon.
Gold is very strong becaus also of the USD and the Dow.
1) Dow: The Dow moves up and gold also. This is a good indicator for gold because normaly gold must be week. Now if the Dow goes down for a bigger correction this scenario must be an explosive impulse for gold.
Maybe the dow will break down in the future than gold is the winning star !!
2) EURUSD: The USD is also strong at the moment and this should also be an indicator that gold must be week. But GOLD moves up !!!
I am holding my long positions bought at 1.172 (1.0 contract) and 1.136 (0,5 contract)
Now I think we will see the 1.300 level very soon.
Gold is very strong becaus also of the USD and the Dow.
1) Dow: The Dow moves up and gold also. This is a good indicator for gold because normaly gold must be week. Now if the Dow goes down for a bigger correction this scenario must be an explosive impulse for gold.
Maybe the dow will break down in the future than gold is the winning star !!
2) EURUSD: The USD is also strong at the moment and this should also be an indicator that gold must be week. But GOLD moves up !!!
I am holding my long positions bought at 1.172 (1.0 contract) and 1.136 (0,5 contract)