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SethTan

SHORT Gold breakout imminent

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
SethTan Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators
6
0
trendanalysis chartpattern indicator
Confirmation
1. MACD divergence
2. Uptrend Rising wedge pattern *
3. Declining volume
4. candlestick compression

Breakout to occur, short on 15min timeframe
Comment:
Reversal has occured, it will pull back to 1503 line and test it before hopefully dropping more to 1498 ( yellow dotted line)
Comment:
Double top formation occured at 5min chart, get ready for strong bear move
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