Gold price under the correctional pressure
Target: 1275.00
Risk: 1315.00
Technical reasons:
Gold price begins bearish correction after touching 1346.75 areas, and it moves inside the descending channel to support the chances of heading towards 1275.00 areas.
The bearish trend will be expected in the coming period, while surpassing 1315.00 will lead the price to return to the bullish trend again.
Risk: 1315.00
Technical reasons:
Gold price begins bearish correction after touching 1346.75 areas, and it moves inside the descending channel to support the chances of heading towards 1275.00 areas.
The bearish trend will be expected in the coming period, while surpassing 1315.00 will lead the price to return to the bullish trend again.