peterchung16

Gold Short

Short
AMEX:GLD   SPDR Gold Trust
0
It is a good opportunity to short Gold . Since, it is a parabolic wedge and reaches to Major Resistance level .

1. 80% of the Trading Range Break will fail.

2. The Gold rally is almost without major pullback. Therefore, it is a parabolic wedge . This is the sign of the Buyers, pushing the Price of Gold up.
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