We went short at 1249.50 and successfully exited one lot . We suggested to move the stop loss at break even for remaining or clearing it too as I was leaving .Price of gold closed at 1242 our second is still active
A fall below yesterday’s low will lead towards our second target at 1226. A break below 1226 may push the prices towards 1208 but there is a lot of noise in the way. The RSI is flat and the MACD is heading down, suggesting a negative trend ahead.
On the other hand, 1256.00 will resist in upward way.