Gold – At make or break level

Gold currently trades at short-term make or break level.


The abv daily chart clearly shows prices flirting with falling channel resistance. A daily close abv the same could trigger a bullish break in RSI as well, indicating a short-term bottom is in place at $1207.

Bears should watch out for  failure to sustain abv falling channel hurdle tomorrow followed by a negative candle as that would indicate sell-off to channel support now seen around $ 1193


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