GOLD: Corrective Threat Keeps Outlook Lower
GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level. Further down, a cut through here will open the door for a move lower towards the 1130.00 level.
GOLD STRATEGY:
Sell at 1165.00
Stop loss at 1180.00
Price target at 1151.77 & 1143.00
GOLD STRATEGY:
Sell at 1165.00
Stop loss at 1180.00
Price target at 1151.77 & 1143.00
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.