SHORT IDEA ON GOLD

Hi Folks:

Important resistance hit today. Descending channel upper trendline (red line) has proven so far to be quite strong.

Russia - Ukraine conflict may trigger a massive buy orders if something happens there but I hope it doesn't and a diplomatic solution will be found shortly.

Until there business as usual and with the rate hikes expected I think this is the highest area we could hit, with a margin of error of +8 dollars from today's top.

Loaded of shorts till 1735.

STAY SAFE. Cheers.


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