Under Pressure
Our Pivot: 1895
Our Preference: Short sell Gold below 1891 with strict stop loss of 1895 with profit target at 1883 with extension towards 1877.
Alternate Scenario: Upward penetration of 1895 will call for 1901 and 1907.
NOTE: Gold is being capped by a strong horizontal resistant region along with resistant trend line of its bearish price channel.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.