Gold has been moving side ways since retesting to new heights. Brake out is likely to happen soon. We could see a pull back to the 1232-1243 regions before continuing back on our downward trend. From an older TA made back in June, I am holding on to the 1122 region lows over the coming months.
Another likely scenario is that we will brake to the down side straightaway, I will wait for clearance of the 1187.30 before shorting confidently!
Another likely scenario is that we will brake to the down side straightaway, I will wait for clearance of the 1187.30 before shorting confidently!