Gold - near strong sell area

2019년 1월 2일

Gold is currently testing the 1290 $ area which is near major resistance of 1315-1320. I expect correction down movement to 1240 $ which is important support area. I don´t expect a restest of 1200 $ because there is a higher demand for gold in due to political fights between USA/China and many other dangers in current world economic situation. MACD and RSI looking for me like an bearish trend reversal. Targets are drawn in the chart.

If the 1290 $ resistance breaks open an long position because price will then move up to 1315 $ which is selling target.