The Brexit risk event and the subsequent rally in equities have given an upward push to golden for reasons of risk aversion and inflationary concerns, respectively. A professional analysis looks ahead at the technical barriers that are most likely to stop price once these fundamentals drivers have become exhausted. The level zone at the price range from 1552.00 to 1562.00 is deeply seated within the 2011/2012 price range with several lows defining it. Shorting from these levels and not just from the outermost lows means that we get the most value for our entry.
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