AshleyB95
Short

Gold topped out at 1295.00 again?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has a nice run to the upside with a bounce from the 61.8 fib level and previous resistance now acting as support. It has now hit 1295.00 again and shown instant rejection from this level (strong resistance on the daily timeframe ) A large bullish candle has since formed with some momentum to the downside and it looks like this could be heading to previous support at 1270.00.

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Comments

Target almost hit here, However, trailing stop means we were stopped out in profit!
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