Shourov_kk

Yellow Metal may face bearish pressures !!

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold may face bearish pressures. Political tensions in the Eurozone and Britain. That forced many to conclude that gold has lost its safe-haven appeal.
On the way down, 1302 is key ahead of 1298, 1290 while 1280 is a keen target.
Below there, 1275 remains the line in the sand to the downside, and a break below it will put the attention back to the towards to 1250, a key confluence area made up of Fibos and prior support and resistance .