TVC:GOLD   CFDs on Gold (US$ / OZ)
Price so far has carved a downward channel where action is taking place

The problem to go short is there ain’t many signals to confirm it..

Reasons to go short:

1) Price is at the upper channel line
2) Bearish engulfing candlestick pattern
3) “bearish divergencies” with Macd and RSI but aren’t powerful enough

A suggestion would be to go one time frame lower and look there. Here I’ll just watch

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