Today we should just place sell and go away for the bearish door opened well the US data broke yesterday, now sometime traders feel they can predict what would happen in the market which work out with the help of technical analysis , but coming down to gold we saw that bearish door was opened yesterday,
Technical analysis on Daily chart we can see that gold is having a pull back of 50% of the up move or bull move from swing low 1272.65/ swing high 1433.48 and the 50% is 1353.07 which from the look of how price is the market has a strong bearish move which makes us to be looking at price getting to 1334/1320.31 where 1320.31 is a support above the 78% fibo @1307.07 which if price should break the we can say possible of bearish move continuing but that would be 100% sure if price break through 1272.65.


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