GOLD Strengthens On Further Bullish Offensive
 

GOLD: With the commodity breaking and holding above the 1129.00 zone on Wednesday, further bullishness is likely. On the downside, support comes in at the 1130.00 level where a break will turn attention to the 1120.00 level. Further down, a cut through here will open the door for a move lower towards the 1110.00 level. Below here if seen could trigger further downside pressure targeting the 1100.00 level. Conversely, resistance resides at the 1150.00 level where a break will aim at the 1160.00 level. A turn above there will expose the 1170.00 level. Further out, resistance stands at the 1180.00 level. All in all, GOLD looks to build up on its recovery strength.

Trading on Gold can be extremely challenging, so got to be very wise with how we work. It is also something that requires higher investmnt which is why I am not exactly on with picking it. I trade with OctaFX broker where they have over 70 instruments to select from, I mostly go with currency pairs, it’s a lot easier with the superb conditions from tight spreads at 0.1 pips, over 70 instruments, fast execution and much more, it’s just ideal.

Gold investmnt is not always right especially for newbies, if we want to make investmnt in Gold then we need to have larger capital in play and that’s why I don’t suggest it to newbies. It is vital that we go with reliable and trustworthy broker because they help us get it all right.