justatrader

Gold - Test to 1067 support if 1079 fails.

Short
justatrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
8
Besides the intraday divergence, 1067 is a likely level to enter long for the medium term bullish sentiment. For now, a break below 1079 will see a test down to 1067 region. Equities are looking bullish today and it is likely that SPX will be pushing higher today. Risk off sentiment prevailing so far which is bearish for Gold.

Trade invalidated on a close (not a high) above 1082.35
Comment:
Some minor levels to watch for near 1057
Comment:
Stops should be moved to break even!
Trade closed: target reached:
Target reached!!
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