Been Hold my short position on Gold since last week Friday, I can see I further break to the downside around 1614-1590, I put my take profit around 1609 just to be on the safe side cause of support levels on Gold . I obviously don't trade Gold on News release cause of extreme volatility .
1629.00
preference:
short positions below 1629.00 with targets at 1606.00 & 1594.00 in extension.
Alternative scenario:
above 1629.00 look for further upside with 1637.00 & 1645.00 as targets.
Comment:
the RSI is mixed with a bearish bias.