Gold: bulls push prices up
Read the article on FBS website
Recommendation:
SELL $1270, SL $1278, TP1 $1250, TP2 $1230
On the daily chart, bulls made a second attempt during the 2 weeks to return the prices inside the previous rising channel. If it succeeds, the odds of an increase at least towards $1295 an ounce will sharply increase. On the other hand, recoil down from $1277-1279 will make gold consolidate.
On H1, the inability of bulls to hold the prices above $1270 зan ounce will show their weakness. As a result, risks of reversal patterns Anti-Turtles and “Widening wedge” will increase.
