PooyaSalehipour
Long

Final Duel For Gold? Bears Please STOP!!!

FX:XAUUSD   Gold Spot / U.S. Dollar
693 5 19
Dear friend's

When we are moving in bullish channel we can not think about bearish ,

kind regards,
psalehipour
Trade active
Comment: Technically, June gold futures prices closed near the session low today. The gold still bulls have the slight overall near-term technical advantage but have faded badly and need to show fresh power soon. Prices are in a three-week-old downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,270.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at 1,200.00. First resistance is seen at $1,240.00 and then at $1,250.00. First support is seen at today’s low of $1,228.00 and then at $1,225.00

source: http://www.kitco.com/news/2016-05-24/Gold-Down-Sharply-Hits-4-Wk-Low-Higher-U-S-Dollar-Stock-Market-Are-Bearish.html
Comment: all we need is close above 1225 for tonight.
Imagine how many bulls are saying "please...." right now... ... and that is exactly why it will shake the tree to 1200.
+1 Reply
Yes you are right. technically the 1205 is a valid level.
Reply
In with you. Cheers! Lets see it hold.
+1 Reply
PooyaSalehipour Alex.Singletary
cheers
Reply
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