Gold test crucial fibo level.
If it menage to break we can expect 1200 in coming days.
If not, if it find support here above 1230 you can enter long positions and expect again bullish trend.
SL for long be should under 1230, and if price break this level for short positions SL above fibo levels.
The market senses a Fed hike is coming in June and gold is bearing the brunt of the bad news.
Also we should consider French elections for weekend.
If it menage to break we can expect 1200 in coming days.
If not, if it find support here above 1230 you can enter long positions and expect again bullish trend.
SL for long be should under 1230, and if price break this level for short positions SL above fibo levels.
The market senses a Fed hike is coming in June and gold is bearing the brunt of the bad news.
Also we should consider French elections for weekend.
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Aleksandar_Radojicic
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