We are losing momentum here in Gold. There is a tradable short opportunity soon.
I would hope for one more run higher before shorting, but we may not even get it. The trade also may not be as clean as one would like - I expect some choppiness at these levels.
My first target short would be the 1170 area, followed by a break of 1000 later in the year.
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.