SHORT GOLD: An explaination
GOLD
1 to 3 weeks: No strong conviction, since the market has been trading for weeks in a complex range. Slight bearish bias remaining below 1295 (tested) with 1270/1260 as a tactical target (level to break to confirm the resume of the correction towards 1215)
1 to 3 days : 1290/1288 broken yesterday, confirming a setback to 1272/1270.
1 to 3 weeks: No strong conviction, since the market has been trading for weeks in a complex range. Slight bearish bias remaining below 1295 (tested) with 1270/1260 as a tactical target (level to break to confirm the resume of the correction towards 1215)
1 to 3 days : 1290/1288 broken yesterday, confirming a setback to 1272/1270.