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RobynHouston

Multiple Rejections on the daily chart, Gold may drop

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
RobynHouston  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis XAUUSD Gold
8
0
trendanalysis xauusd gold
In the daily chart, Gold is unable to break the 1630 resistance and there are multiple rejections.

So, I think it is a good idea to sell gold at CMP and target the 1550 area as TP.

If 1550 breaks, then 1450 is also possible.
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