"James, this trade is already taken on bears from last major resistance as its Daily.
Mohit, I am entering the trade but tight SL above the Resistance level of 1248. If the recent high of 1248 is broken then Gold is Bullish and might see 1295 area…"
SL is 40 pips (above upper yellow line which is Major Resistance). Reward is 300+ pips (at bottom yellow line) with Patience.Signals: 1. Major Resistance is not broken last week. 2. Stochastic Over BoughtSee More
I don't think there is enough support for a bullish run. All the signs point to more bearish action for the time being.
There was another bullish sign on the 3rd which fizzled out when it hit the 20 period MA and this run has also…"