Gold - Intraday - We look to Sell at 1720 (stop at 1730)
Price continues to trade within the triangle formation. Price action continued to range between key support & resistance (1740 - 1661) and we expect this to continue. We look for a re-test of the downward trending resistance. Preferred trade is to sell into rallies.
Our profit targets will be 1700 and 1685
Resistance: 1722 / 1730 / 1740
Support: 1700 / 1685 / 1661
Price continues to trade within the triangle formation. Price action continued to range between key support & resistance (1740 - 1661) and we expect this to continue. We look for a re-test of the downward trending resistance. Preferred trade is to sell into rallies.
Our profit targets will be 1700 and 1685
Resistance: 1722 / 1730 / 1740
Support: 1700 / 1685 / 1661
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