cozzamara

Gold: pulling back following Reuters' news

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi Guys,

Unfortunately I cannot publish this idea publicly because it is on a 5 minutes chart.

The chart shows that despite the news that caused the pull back into descending red SMA , Gold was again pushed down just a little below n.3 as it happened in the morning.

What's your view on such behavior?

In order to appreciate the letters (A in bold red) and the numbers (2 & 3 in bold black), please refer to the following structure:

If you have any questions or comment to add please do not hesitate to post it.

Thank you for your support and for sharing your ideas.

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

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Nov 09
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