Gold (Z-17) Evening Analysis 27 Sep 2017

Under Pressure

Our Pivot: 1299.00

Our Preference: Short sell below 1289.06 with strict stop loss of 1299.00 and target at 1269.00 and 1270.00.

Alternate Scenario: Upward penetration of 1299.00 will call for 1315.00.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances