KumaraVel1

High Probability shorting oppertunity in gold

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Short Gold at 1267 level after conformation of price action :)

Reasons for shorting
1) Trend line broken
2) Strong long term resistance
3) Strong MA200 resistance
4) 50% retracement

Target
1) Harmonic ABCD leg
2) 1.618 extension
3) And also next strong support zone
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.