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FxWirePro

Gold is trading below 200 4HMA,decline till $1172 is possible

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
FxWirePro  
FX:XAUUSD   Gold Spot / U.S. Dollar
8
1
Gold has broken short term support $1199 (200 day 4HMA) and this confirms short term weakness, decline till $1171 is possible.

Intra day resistance is around $1207. Any break above would extend gains till $1215/$1225.

We prefer to sell around $1197-1199 SL around $1207 for the TP $1178/$1172
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