Short - Limited upside 1287.00

Based on the 60m chart, the metal is currently trading below the Cloud, the TK has crossed the turbulence zone safely to the downside, the Chiku Span is below its price and we have had a bearish kumo twist during the Asian session..
1289 is current reistance on 4H chart

So based on the 60m chart it is safe to short Gold below 1289 with a SL 1301.50 TP 1264, 1253 & 1237
However, a break & close above 1289.00 will take the gold to 1301.50 and 1314.00

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Good luck & trade safe...

Yorum:

I hope you've all booked some profit now on Gold.
If you still got long open, please watch 1276 area on 4H chart as a close above this level will take gold to 1280 and a close above 1280 can take the metal to 1287 & 1295