Dislikedconsidering "IF"Gold breaks through 1216 as mentioned earlier.. my view will be bullish for the time being and i will give a tp to all my longs around 1240 area.. as the highlighted line 14 in this downtrend shows.. so as things stand.. a close above 1216 is vital.. {image}Ignored
I don't think there will be a re-bound to 1240 level, theoritcally it haveto reach 1180 then to 1150. Maybe it will change direction. sentiments still shows major sell off for the gold.