Multi-day view: Gold price action contained in a multi-month bullish channel followed by a steady rally from early July to reach my projected medium term target of 1357. A sell off from here had so far found support near 61.8% retracement area but the price action failed to break the prior resistance, momentum indicators are suggesting for a more downside to continue. So I am looking to short Gold on a short lived bounce for a target to 1246 over the coming days or so.
Strategy: Short on a bounce for a target to 1246, stop above 1307.
Strategy: Short on a bounce for a target to 1246, stop above 1307.
Trade active
Trade closed: target reached