Forexintelligence_NA

Look for sells from resistance on Gold!

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Just like I predicted last week that Gold would first rise to the resistance of the falling channel before falling. We have seen it do exactly just that. I am now anticipating a fall to 1721 from the confluence zone. For best possible sell opportunity, it is wise to allow it rise a bit to 1790 and short it from there after bearish confirmation on lower time-frame.

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