Peet_Serfontein

Gold $ spot: Heading for $1860?

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
The price objective for the break down out of the Symmetrical triangle pattern is around 1860. A bearish MACD crossover on the daily time frequency remains intact. Downside price momentum supports the bearish trend. Upside targets for a break above 1900 will be 1920-40.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.