JamesTatton158

GOLD to DROP like a ROCK

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
As you can see above, the two moving averages (14 & 20) have crossed, this paired with the price going below the trend line shows that the price will most likely continue to move down. Whilst this is happening, a convergence in the MACD it backs this up further. Furthermore, the price will face the resistance level of circa 1348, if it continues to rise, of which it has only gone above 4 times this year! I say go short on this trade and hold for the coming week, with a TP of 1310.00 and a SL of 1355.00. Hope this trade goes well for you guys!
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