savvyor

SELL ON STRENGTH

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Breaking below 1248 was not a good sign for precious, still 1245 and 1251-1252 is major resistance for any confirm bull run, So until or unless precious wont close above 1251-1252 it will remain in bears control.
Precious will face good support at 1228-1230, So one can take long positions there with stop losses, if this support acts then this point will be the reversal, whereas breaking of this support will bring more pressure.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.