Long or Short?

Gold/U.S. Dollar FX:XAUUSD


Price seems to be playing bottom the short term channel. If it falls below 1227.33 bears could see a nice return with a TP@1216. However with StochRSI charging itself for a third bull run my prediction is a rise to 1238. XX             in the following session, possibly tomorrows, before a pullback worth shorting tg to be decided. Current tg 1236-8 area.

By admin