Gold ready to short (impact by bond market)
Fundamental support:The 10-year Treasury yield rose five basis points Tuesday to 2.42 percent, closing above 2.4 percent for the first time in five months.
TA: interest point for short:1280, 2 outcomes refer to the 2 possible movement i guess.
Stop loss at: 1300&1306
First Target: 1260
Second Target:1250
Third Target 1245
Holding period: 7-10 Days.
Short position will remain one weeks, but overall in long term perspective is an up trend.
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