forexfrombed

Gold: Trying to Break 5 Years Resistance

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold has been gaining a lot of strength in May primarily due to the dollar weakening and volatility in the US/UK politics. Look out for a break at 1300$. However, a potential pullback to the support trend line at the 1150-1200$ levels is possibly. If a pullback takes place back to the 1200$ levels, Look out for the 5 years resistance breakout at 1270$.