Price movements goes on upward trend direction. The existing upward trend directs the price movements since August 2018. Gold price hits the resistance level and shows the reversal signs (Price goes below the key reference line 1327 usd. The probability of having trend reversal is higher compare to trend continuation.
Position: Short= 1328
Target= 1300 (28 usd potential profit per ons)
Stoploss= 1350 (22 usd potential profit per ons)
ROI= 1.27 neutral
Position: Short= 1328
Target= 1300 (28 usd potential profit per ons)
Stoploss= 1350 (22 usd potential profit per ons)
ROI= 1.27 neutral