Target price around 1220.71 as the channel going down and below ichimoku cloud. Target price around 1218.74 for yesterday support and stop loss around 1221.93.
After failed to break 1222.83 or ichimoku cloud. Price goes down to support 1218.66, this level act as strong support. Price trying to break this level, you may open short position after break this level with target price 1217.32 and stop loss around 1220.10 or with R:R=1:1. Trade with caution as support 1218.66 now is the third time price testing out.
Gold trying to break support area between 1219.84 and 1218.66. As the channel go down, take short position with tight stop loss. Target price around 1218.66 with stop loss above the channel around 1221.66.
Pay attention at resistance 1224.60, you may enter position after breakout the resistance or breakout support 1222.00. Target price for long position around 1226.67, yesterday resistance. Target price for short around support 1219.46. Adjust stop loss with your risk management, at least 1:1. Today gold may move nowhere between 1226.67 and 1222.00.
Wait for pullback to resistance around 1231.668, same as ichimoku cloud. Open sell position with target profit around 1226.74, with stop loss around 1234.07. Pay attention around 1228.44, this level act as support and can be considered as target profit. See the image below. www.tradingview.com
Wait for pullback around 1226.00 or break 1227.60. Pay attention when price at 1228.46, act as resistance from yesterday. Target price around 1231.66, stop loss around 1224.68. See the image below. www.tradingview.com
Price already break the trendline and inside the ichimoku cloud. Wait for pullback around 1226.00 , target price should be around 1228.00 and stop loss around 1220.60. See the image chart below. www.tradingview.com