Short Gold at 1267 level after conformation of price action :)
Reasons for shorting
1) Trend line broken
2) Strong long term resistance
3) Strong MA200 resistance
4) 50% retracement
Target
1) Harmonic ABCD leg
2) 1.618 extension
3) And also next strong support zone
Reasons for shorting
1) Trend line broken
2) Strong long term resistance
3) Strong MA200 resistance
4) 50% retracement
Target
1) Harmonic ABCD leg
2) 1.618 extension
3) And also next strong support zone