Pressure from seller may drag gold to 1282 from 1310 at fibonacci resistance. This level is important, because there is 61.8 major fibonacci and 127.2 PRZ. If rejection happen from 1282, Bullish will continue to reach 1363 as major fibonacci target. This scenario failed if 1326 break before it reach 1282.
disclaimer : Trading on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest or do any trading activities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
