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MukhtarTecnicals

Gold 4 Hr Short

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MukhtarTecnicals  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Beyond Technical Analysis
3
0
trendanalysis chartpattern beyondta
Gold has been in uptrend but now it seems to be losing its momentum. According to cyclic patterns it top to top duration is completed so now the bulls should take some rest. Enjoy the ride

Bulls Points:
1. UPTREND

Bears Points:
1. 1800.00 Resistance level respected
2. Fib Resistance level 0.5 at 1807.55 Respected
3. Three black crows
4. Time cycle from TOP to TOP is completed
5. Rising wedge pattern is breaking
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