There is no description on your chart. After the drastic fall gold trying to stabilize near 1250 zone. Breaking down 1250 level can bring it down to 1200. But that doesn't look an idea to take short positions at this level. Now its a risky to trade and XAUUSD has to cross 1275 zone for long position and for short position needs to breakdown 1250.
There is no description on your chart. After the drastic fall gold trying to stabilize near 1250 zone. Breaking down 1250 level can bring it down to 1200. But that doesn't look an idea to take short positions at this level. Now its a risky to trade and XAUUSD has to cross 1275 zone for long position and for short position needs to breakdown 1250.
Regards
Raj