Gold has broken past the T.L support from December 27 of last year.Right now it should continue lower for a retest of previous support levels I am thinking perhaps 1206-1188 before a possible reversal.My stops are placed above 1250.Short term targets are 1216-1198 ...
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Over 350 pips of profit !! A pullback is expected since price continued lower after taking out our first target @ 1206.Will post an update soon.
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Trade ideas for short term :
