In my previous medium term outlook, i called for Gold to short around 1338 (myself shorted at 1333) for a target 1299 & 1281, both targets were met. My analysis still preferring shorts, what i am looking now is a scope for Gold to form a lower top to continue the bearish trend, possibly an area around 1245 over the coming weeks or so.
So the Strategy is to short around 1301-1313 for a target to 1263 & 1245. stop above 1335.
Please Note I re-asses my medium term outlook once in a week.
So the Strategy is to short around 1301-1313 for a target to 1263 & 1245. stop above 1335.
Please Note I re-asses my medium term outlook once in a week.