Gold has broken 3270 support and went down all the way to 3208 yesterday. With current strong bearish momentum, I will be very cautious in buying. Therefore, I am looking for selling opportunities from either 3270 resistance or broken of 3200, targeting 3165.
However, if 3270 is broken, the above setup is invalidated. We may have bulls regain its momentum.
However, if 3270 is broken, the above setup is invalidated. We may have bulls regain its momentum.
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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.