karagis75

1803 is next resistance for Gold

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
1803 is next resistance for Gold .. Expecting big sellers come back with sharp reversal in US10 Y.. Book profit if Gold unable to cross this level... 50 dma resistance has been respected for quite a long time..

short term strategy is to sell Gold around 1795 stop loss to 1740 ..


Risk:
There is chance of short squeeze to 1850 be careful...and stop loss need to be strict
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.