Target: 1260.00.
Risk: 1238.50
Technical reasons:
Gold price move within intraday ascending channel pushed to breach 1238.50 again, and it faces important resistance now at 1250.00.
Surpassing this resistance will push to 1260.00, while breaking 1238.50 will press the price to turn to decline.
Risk: 1238.50
Technical reasons:
Gold price move within intraday ascending channel pushed to breach 1238.50 again, and it faces important resistance now at 1250.00.
Surpassing this resistance will push to 1260.00, while breaking 1238.50 will press the price to turn to decline.