Short Gold on break of support

FX:XAUUSD   Gold Spot / U.S. Dollar
492 4 5
Rising channel on H1 time frame. Daily candlesticks pointing bearish .

USDJPY             & Nikkei on a rally, so we could see some USD strength today. Cover to BE or book partial profits near 1250.
1260 will be a reasonable target. Daily candle is not at all a bearish candle. USA was off yesterday. May be the trend should resume today.
+1 Reply
VRShaiju justatrader
VRShaiju VRShaiju
Probably we can look for 1250 at this time. GL
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