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UnknownUnicorn4347975
Apr 12, 2019 4:31 AM

Possible Short Opportunity on GOLD!!! Short

GOLD (US$/OZ)TVC

Description

This is what I see on GOLD. Weekly vertical crossovers on MACD is a strong sell indicator for GOLD, but it has that 1290 area support that held really well in the past. If it goes below that support level, we could have a really nice, low risk short play on GOLD. The target would be much below at around 1200 level and the stop loss will be above 1295, or 1300 area. Risk $10 to make $100. Nothing better than 1:10 risk reward ratio.
Comments
IgorPorokh
@motstreet Buddy cool idea. Thank you very much, make more graphs, cool to do analytics
AnarUn
Currently, XAU is wedging and hasn't broken August, 2018 support line. It is better to wait a breakout, I guess.
iamnyiko_c
Cool set up
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