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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

financial astrology forex gold
ephemeris alarm eph alarm

 

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.

Author

Khit Wong

Khit Wong

Gann Explained

As a noted expert on FXStreet.com and in “Technical Analysis of Stocks & Commodities” and "Traders World," I specialize in applying W.D. Gann's complex theories to practical trading.

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