Multiple Rejections on the daily chart, Gold may drop
In the daily chart, Gold is unable to break the 1630 resistance and there are multiple rejections.
So, I think it is a good idea to sell gold at CMP and target the 1550 area as TP.
If 1550 breaks, then 1450 is also possible.
So, I think it is a good idea to sell gold at CMP and target the 1550 area as TP.
If 1550 breaks, then 1450 is also possible.
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.