I see some good downside potential for gold in the near term as the price has completed a bearish breakout below key support levels. If we break back above 1350 this scenario will be threatened.
It is just my view. Trade Your own view.
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technican
It is just my view. Trade Your own view.
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technican
Trade active
Comment:
The price action is a bit messy. If it breaks above 1340 i will close trade..
Trade closed manually:
The price fails to react to good u.s. news. I closed this trade at 1327.00 . 10 dollar profit from entry