Gold has been in a downward channel for the past few weeks.
Chart below:
There is a clear support level at 1270 area but I am happy to short into this from the 1300 area.
I have a short order as detailed below.
Levels & chart below.
1st Entry: 1300.00
2nd Entry: 1303.00
Averaged Entry: 1301.5
Stop Loss: 1307.00
Target: 1274.00
Namaste
MDT
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