Chart in Focus: Spot Gold
The spot Gold market is looking ripe for a sell soon. We can see that price has weakened this week after failing to move above 1220.00 resistance. At this point, we are viewing any near-term strength whilst under 1220.00 as a selling opportunity to rejoin the downtrend and ride it down into 1170.00 key support.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The spot Gold market is looking ripe for a sell soon. We can see that price has weakened this week after failing to move above 1220.00 resistance. At this point, we are viewing any near-term strength whilst under 1220.00 as a selling opportunity to rejoin the downtrend and ride it down into 1170.00 key support.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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