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Short

Exapnding Trianlge Pattern Broken on Weekly Gold Chart

TVC:GOLD   GOLD (US$/OZ)
32 0 0
RSI started forming divergence since April. Gold             taking support at 1200 and bounced back. Now as it broke that support, it will act as a resistance and may test it again. Next major support is at around 1050. So, Sell Gold             at around 1195, while it goes back to test 1200 for a target of 1050. Close position if it moves back above 1200 and sustains.
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