Large movements on the gold

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We're witnessing large movements on the gold, that hasn't yet defined a clear direction. Losing 1141 dollars per ounce could take the pair to 1113.4. Yet, before, the 200 days MA, from the one hour chart, are giving some support today. If the market has much strength, it will break them, clearing also 1127.5. Yesterday, it did it, but the contact with 1118.7 led to a rebound to the 1145 area. Right now, the price has rebounded at 1135.5, the 7th of January resistance. The bulls will try to take the pair up to 1141 again, where its consolidation will bring a new impulse towards 1152.7.

Gold

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