peterbokma

GOLD-SELL strategy weekly chart

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD is starting to create a negative divergence, i.e. higher high and lower high RSI, but not confirmed as yet. It is overbought, and one should expect a return towards $ 2,150 area in the near term.

Strategy SELL @ $ 2,400-2,445 and take profit @ $ 2,167. SL I suggest above $ 2,468

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