GOLD: 1:1 at 1225.25 make or break for the bears by Reece Marini

GOLD H4

G4

Bears have been selling into the 1:1 (Blue) at 1225.25 as they look to push for stops sitting below 1180.00, however any break above this level will see short covering continue.

GOLD M15

G15

The level to watch on the downside is the 1:1 (Yellow) and 38.2 fib that coincide at 1209.80, if this level can not attract solid buying interest from the bulls look for momentum to pick up on the downside.

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