Gold - Looking for a correction.
Updated
Trade Idea
Previous resistance located at 14.39.
Selling pressure from 1438 resulted in all the initial daily gains being overturned.
Broken out of the triangle formation to the upside.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
Bespoke support is located at 1371.
We look to Buy at 1371
Stop: 1363
Target 1: 1440
Target 2: 1450
Previous resistance located at 14.39.
Selling pressure from 1438 resulted in all the initial daily gains being overturned.
Broken out of the triangle formation to the upside.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
Bespoke support is located at 1371.
We look to Buy at 1371
Stop: 1363
Target 1: 1440
Target 2: 1450
Order cancelled
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