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anand1988

Gold retesting 50DMA breakdown

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
anand1988  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Lines Candlestick Analysis Moving Averages
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trendline candlestick movingaverage
Gold is retesting 50DMA Bear breakdown at 1822.83 level. Which also many analysts are pointing from last 2 days is an important level.

Also MACD signal line is crossing MACD line on Monthly Candle! That is a big 🐻 news because it will note that a new long term downtrend is forming in Gold.

Tagged as Short as 1822.83 looks a good level to short.
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