Gold faces negative pressure
Target: 1210.00.
Risk: 1251.00.
Technical reasons:
Gold price broke 1238.50 level, indicating an expected decline within the rising wedge, as the next target is testing 1210.00.
Surpassing 1238.50 then 1251.00 will push the price to achieve good gains and visit 1260.00 initially.
Risk: 1251.00.
Technical reasons:
Gold price broke 1238.50 level, indicating an expected decline within the rising wedge, as the next target is testing 1210.00.
Surpassing 1238.50 then 1251.00 will push the price to achieve good gains and visit 1260.00 initially.
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