forex_meister

Gold breaking support

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold has beens truggling to break resistance of 1318 for the past couple of days. Support at 1305 and now 1302/1300 has been broken on daily chart.

MACD on daily chart is about to cross over - my prediction is that gold will fall to 1278 (TP at 1280 to be safe) SL at 1305

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