Summary: Gold selling momentum just started, eyes 1279 and 1273.
Breakdown: I missed the short opportunity on the yellow metal earlier. Saw the consolidation around the 1296.45( purple zone) area but was distracted by other stuff so I didnt get in. Right now, a small pullback is due and I will look to short again at the 1285 mark with the first “safe” exit at 1279 (green zone) and final exit at 1270.
Market will be exhaused at that point.
(The Hedged Portfolio Disclaimer: This post is for information purpose only and not a trading/investment advice. Please conduct your own independent research before making any investment decision)
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