Why Gold had come to a Full Stop in rising and maybe it is about time to drop back to below $1,200
|According to the Financial Astrology Theory explained earlier
The gold is now trying to overcome its resistant created when Mercury had a sextile relationship with Neptune on 2017 January 24th 5:28 am SGT
Do look out for a $20+ break out once the $1,218 resistant had been secured.
And it is now quite safe for one to Short Gold here at $1,218, with a stop loss at $1,225, and expecting $1,200- before early February making a risk to reward ratio over 1:3.0+
Trineaspect.com and Khit Wong are not responsible for any profit or loss on actions taken on the comments shared in FXStreet.com. While the comments do not suggest nor imply in any way for any trade decisions for the readers, they are all for educational purposes.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.