Gold has broken the psychological barrier of $1,300 and the key support at $1,295.there is downside room to $1,236 and no signs of buyer support anywhere. On the hourly there have been 4 re-tests of $1,295 that have failed with lower highs and accelerating lows, this is a string bearish sign. Good low risk entry to add to this trend.
New short from $1,290
Immediate short term target of $1,280
Target $1,260
Stretch target $1,236
Hourly picture is clear: DOWN!
New short from $1,290
Immediate short term target of $1,280
Target $1,260
Stretch target $1,236
Hourly picture is clear: DOWN!
Trade active
Short entry $1,290Trade closed: stop reached
Trade active
New short entry $1,291 after another failed test of $1,295 resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.