TC85

Tweezer Top Candle pattern on Gold

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
The bearish tweezer top candle formation has formed on Gold. The price should drop a bit, hit a support, then break through that support downwards. Target price should be around $1700/oz, around 4.5% lower from current levels. In addition, stocks should pop and dollar should strengthen on strong employment numbers, sending Gold down.
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