Gold - Intraday - We look to Sell a break of 1788.4 (stop at 1805.5)
We look for losses to be extended today.
Prices are extending lower from the bearish flag/pennant formation.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of 1800 is needed to confirm follow through negative momentum.
Our outlook is bearish.
There is no indication that the selloff is coming to an end.
Our profit targets will be 1736.6 and 1712.6
Resistance: 1815.0 / 1830.0 / 1850.0
Support: 1800.0 / 1770.0 / 1740.0
We look for losses to be extended today.
Prices are extending lower from the bearish flag/pennant formation.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of 1800 is needed to confirm follow through negative momentum.
Our outlook is bearish.
There is no indication that the selloff is coming to an end.
Our profit targets will be 1736.6 and 1712.6
Resistance: 1815.0 / 1830.0 / 1850.0
Support: 1800.0 / 1770.0 / 1740.0
Trade active
Trade closed: target reached:
Trade closed intraday with slight profit.
