Very nice setup for gold on the daily time frame. It has broken down from the range and the indicators are also very bearish.
This makes gold a very nice sell for a target of at least 1215 and maybe lower.
Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels.
TP: 1218 > 1210
SL: 1260
This makes gold a very nice sell for a target of at least 1215 and maybe lower.
Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels.
TP: 1218 > 1210
SL: 1260
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