Forex Marketz Daily Forex News – Fully Markets Update
Gold (1228.40)
After putting in a piercing candlestick, on the below daily MT 4 chart, the precious metal moved higher. The buyers are not finished yet and gold is moving higher. A daily close above 1236.50 will challenge 1252.90.
The alternative view is simple, a daily close back below 1215.90 brings the sellers back in force. If this happens the yellow metal will retest the resistance, now support level at 1205.30 then the technical level at 1203.05.
