Under Pressure
Our Pivot: 1875
Our Preference: Short sell below 1868 and average it out till 1870 with strict stop loss of 1875 and profit target at 1853 with extension towards 1843.
Alternate Scenario: Upward penetration of 1875 will call for 180 and 1883.
NOTE: Gold is being capped by a strong horizontal resistant region at its 50% correction level of its previous bearish rally.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.