Gold is lower exactly as predicted & now below first support at 1228/27 as I write over night. The next target of 1218 has been hit as we look for 1213 & perhaps as far as support at 1211/10. A good chance this will hold the downside at this stage so we can try longs with stops below 1205. Just be aware that a break lower targets 1200.
First resistance at 1228/29 but a break above 1232 allows a recovery to 1240/42, perhaps as far as 1246/47.
Reference: FXStreet
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