Short term risk is the UTL acting as overhead resistance and potentially forming a bearish head and shoulder formation.
But it may override this if price break free and resume higher to target $1,300.
Daily chart not posted continue to paint that gold is still in an uptrend since December 2016 low so be wary.
But it may override this if price break free and resume higher to target $1,300.
Daily chart not posted continue to paint that gold is still in an uptrend since December 2016 low so be wary.
I hope the analysis helps to identify risk spots and where opportunities may appear
Good luck