peterbokma

GOLD-SELL strategy weekly chart

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
I really suspect we will have a slam dunk coming weeks for GOLD. It appears to be hanging, as if market is trying to keep it up here to move it higher short-term. This is possible of course, but noting, that we should be SELLING into rally. the daily chart shows potential recovery $ 2,350 but there after we should see much lower levels again.

Strategy SELL @ $ 2,325-2,375 and place SL above $ 2,427 and take profit first @ $ 2,227 for now.

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