Turning Down
Our Pivot: 1886
Our Preference: Start short selling Gold below 1880 with strict stop loss of 1886.00 and profit target at 1868.00 with extension towards 1855.60.
Alternate Scenario: Upward penetration of 1886.00 will call for 1897 and 1902.
NOTE: GOLD is being capped by a strong horizontal resistance after facing rejection from a resistant trend line and MACD have started bearish journey.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.