We are losing momentum here in Gold. There is a tradable short opportunity soon.
I would hope for one more run higher before shorting, but we may not even get it. The trade also may not be as clean as one would like - I expect some choppiness at these levels.
My first target short would be the 1170 area, followed by a break of 1000 later in the year.
I would hope for one more run higher before shorting, but we may not even get it. The trade also may not be as clean as one would like - I expect some choppiness at these levels.
My first target short would be the 1170 area, followed by a break of 1000 later in the year.