Get started
zuoertai

[GOLD] Possible short during the day

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
zuoertai  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns XAUUSD Gold
1
0
trendanalysis chartpattern xauusd gold
The descending momentum has been very strong since October 26th, and vital support at around 1216 has been breached. So far we can see that 1216 has become a resistance level that the price is still possibly going down for a bit.

1. Take short position at around 1216.50 to 1207. Stop loss at 1218.
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.