Gold Breakout and Entry Level

On the daily chart we have a signal for possible down movement. MACD falls and DMI does not confirm up movement. We can think about opening short trades based on hourly charts. On 1H chart we have a signal for short trade based on volatility breakout setup. Entry level is below 1335.50 and stop above MA20. Profit targets can be 1320 and 1310 levels.

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