I think there's a good chance Gold gets rejected in the 1350-1375 resistance zone.
Trade Idea: Short gold with a stop loss near 1400 (above the minor highs), with a profit target in the 1225-1250 support zone.
You risk 50 for a reward of 100 which is a decent risk:reward ratio of 2:1.
Trade Idea: Short gold with a stop loss near 1400 (above the minor highs), with a profit target in the 1225-1250 support zone.
You risk 50 for a reward of 100 which is a decent risk:reward ratio of 2:1.