JaimePantoja
Long

Gold Forecast

COMEX:GC1!   GOLD FUTURES
I would Take a long position because of the next arguments (Obviously is necessary to take into account the lower time frames):

>Shortening of the down thrust.
>Close to a support zone .
>Incapability to look for the oversold line
(Lower Red Line).
>The retracements are more than the 50% showing Strength
>The down movement of the 31/07 was almost reversed
by the next day (Little red square             ), Giving signals of
strength

Related Ideas

Nice trade!!
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