GOLD: The commodity continues to face downside pressure as it trades below its key resistance at 1,335/58 zone. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level.
Strategy: Sell at 1,318.12, Stop loss at 1,325.00, Price target at 1,303.00 & 1,290.00
Strategy: Sell at 1,318.12, Stop loss at 1,325.00, Price target at 1,303.00 & 1,290.00
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.