GOLD SHORT - Cypher & Resistance
If price reaches channel's upper limit, we have a potential short around $1352.
Conservative target at 1322 where there was a double bottom.
Aggressive target at 1306 where there is a strong support
Fundamentals - Trade war worries are easing, gold should lose value (less "safe haven" investment). BUT watch for geopolitical tension with Syria and Russia. If conflict escalates, financial markets will perform poorly and gold price should increase - WATCH for news during the week!!
Conservative target at 1322 where there was a double bottom.
Aggressive target at 1306 where there is a strong support
Fundamentals - Trade war worries are easing, gold should lose value (less "safe haven" investment). BUT watch for geopolitical tension with Syria and Russia. If conflict escalates, financial markets will perform poorly and gold price should increase - WATCH for news during the week!!