karagis75

Gold sell target around 1650 next week

Education
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold sell target around 1650 next week and hopefully expecting bounce around 1636 (38.2 support) and Gold reaction at this level will confirm if the rally in 2020 is over or not. Daily shows there is chance of retest of 1450 to 1480 neck line support by Aug 2020 (possible medium term H &S - Left shoulder and head almost one). Always have 1% stop if trade goes against and as of now sell on raise in Gold is good strategy. Gold has broken the descending triangle support on Friday and has moved below 18 dma which also confirm bearish trend for Gold
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