GOLD Looking for a Correction

After a impressive rally from 1575/85, GOLD is looking for a possible correction. It has made a triple top around 1800 area handle. Looks like traders are eying that area for profit taking and initiating short positions.

GOLD Daily

Any bounce till 1800 area is expected to drive more short positions. Although, I am always scared of shorting Gold, but looks like shorting around 1800 handle with a tight stop above the triple area is good risk-reward trade.

Previously, 100MA & 200MA have provided good resistance/support.