Gold ready to short (Impact by bond market)
Fundamental support: The 10-year Treasury yield rose five basis points Tuesday to 2.42 percent, closing above 2.4 percent for the first time in five months.
TA: interest point for short : 1280
First Target:1260 (The next support at 1260,1250,1220)
Second Target: 1240
Stop loss at: 1300&1306
Holding period 5-7days.
Short position remain for 1 weeks, long term still an up trend overall.
TA: interest point for short : 1280
First Target:1260 (The next support at 1260,1250,1220)
Second Target: 1240
Stop loss at: 1300&1306
Holding period 5-7days.
Short position remain for 1 weeks, long term still an up trend overall.
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