The gold run too fast, and it happened before. But the main longer trend is still bearish. And The only Question is when it turn back to bearish. Look at the USDOLLAR index. The price is testing the 12000 support level for USDOLLAR and next will be 11800 support. I see the money go to Yen and Gold and few on Euro. And i am looking to selling out on those 3 instrument.
Now about the Gold itself. I saw very high demand options on 1250 Calls and 1100 Puts. The Gold may play on this are. so, let's consider this price range. My Resistants for gold will be ; 1200, 1250 and 1300
Now about the Gold itself. I saw very high demand options on 1250 Calls and 1100 Puts. The Gold may play on this are. so, let's consider this price range. My Resistants for gold will be ; 1200, 1250 and 1300