Gold rally losing momentum

22 thg 2, 2017

This recent rally in gold seems to be coming to a halt as loss of momentum can be seen through divergence in RSI index, so it might be time to exit longs or book partial profits, one can take short position around 1242-1245 with a good risk reward, and once support at 1220 gets broken we might some good downside move till 1185 level.