Gold Trading idea for 21 September 2017

Price of gold has broken down below 1300 support level. Spot Gold hit new low at $1293 today, in extension of Wednesday’s fall after Fed signaled possible additional rate hike this year.

Gold H4

Trading idea.

Since it has broken down the important support level of 1300, and the fed is seen as hawkish, we expect the price of gold to drop to the levels of 1282.

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