GOLD Renko Short Update

Gold has reversed at 1337.28 and now has formed 3 red bricks, which have passed beneath the 8 EMA. A short position could be considered from here , in line with the longer term logic. Stop loss would be above the 8 EMA.

Commento:

Gold has reached the 127 fib extension , with current price 1285. Partial profits could be considered here.

Next target 1274.

Commento:

Final target next at 1259 :] .