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1 Jul 2014
Gold reaches strong resistance at 1331
FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that gold almost escaped the daily negative cloud but has reached a strong resistance at 1331.
Key quotes
"We are bullish above 1308, and now we are almost 20 USD above."
"There is no enough space to enter long right now. However we have a clear 'flag' on Daily and the upside seems to continue."
"The price may retrace back to 1320-1321 before the new upside move."
Key quotes
"We are bullish above 1308, and now we are almost 20 USD above."
"There is no enough space to enter long right now. However we have a clear 'flag' on Daily and the upside seems to continue."
"The price may retrace back to 1320-1321 before the new upside move."