Gold targets 1910 dollars per ounce

Supported by the news that Russia and Ukraine have held their fourth round of talks. Markets are taking a breather to retrace some of the risk-off movements that took place last week.

After breaking below the key support level of 1950 dollars, gold has been gaining more bearish momentum. When looking for the next support and resistance levels, focus on the 1910-dollar cluster, which marks the 50% Fibonacci retracement as well as the support of a previously broken resistance high.

Trade closed: target reached:

Target reached! What a smooth 200pip trade it was.