Sell Gold @ CMP 1860 target 1845/1835/1825/1818 SL 1866/1870
The gold price recovery is probing in downtrend resistance here at 1860/ 66 – failure to close above this threshold could mark resumption of the broader downtrend.
A closer look at Gold price action shows the recovery probing resistance today. A breach higher from here would keep the focus on the 38.2% retracement / May open at 1895/97 and the 2021 high-day close at 1918.
A closer look at Gold price action shows the recovery probing resistance today. A breach higher from here would keep the focus on the 38.2% retracement / May open at 1895/97 and the 2021 high-day close at 1918.
Trade closed: target reached