The brexit reversal will occur this and next month. Fed rate hike is on the table
Comment: There might be re-bounce from 1265 area.
Trade active: Continue to short at 1270
Trade active: 2H chart is a ABCD pattern, target 1226
Comment: Take the profit at 1228
Trade active: 1276 is the key, might test here. Watch the price action around 1272, 1276
Trade active: Look closely at the chart, seems that 1265 will be the position to short, it will go to 1244.
Comment: Consider the two big wicks around 1251, better range trading between 1252-1265. Not sure if London or US will bring down the gold today.
Comment: If price closes above 1260(above the middle line) in 4H, it might test 1270~1272
Comment: Continue to short around 1260, when U.S. Opens, gold will go down to test previous low 1242.
Trade closed: target reached