Gold has fallen hard after again failing at the hourly 200 lwma. Short term up channel sup at 1111.20 has also been breached as well as 4 hrly 200 lwma.. Next area to watch will be the 4 hrly 500 ema and daily r2 at 1101.50.
If you are short from 1126.50 or above move stops to entry as we will attempt to trade this looking at the 4 hrly and daily chart which are both bearish for the yellow metal.
1 comment:
Can u coment on the fact that apparently there is record commitment of traders short gbp?
Spinner
Post a Comment