GOLD: Smart money selling as 1180.00 resistance holds by Reece Marini

GOLD M5

G5

The smart money has been seen selling intraday 1:1 rallies as the 1180.00 resistance level attracts solid selling interest from the bears. The level to watch in the sessions ahead is the 1:1 (Pink) at 1156.00, if this level can continue to attract selling interest from the Elliot Wave fraternity look for overnight stops below 1147.00 to be targeted.

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