Gold is actioning trade signals from the Ukraine Turnmoil.
The geopolical crisis is helping GOLD at the moment. Smart money and traders will be interested of taking as many stops as possible in the above levels however, there is also a pressure to liquidate the long positions started a while ago.
It is unlikely the US will have appetite after Iraq and Afghanistan to take any military action in the Ukraine.
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Stop long trades on gold and cover at a minor loss at this levels. We will initiate if we selling pressure appears.