peterbokma

GOLD-SELL strategy

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
I am not feeling confident for GOLD to maintain it's current level We have broken through a good block earlier around $ 1,900 and it suggest we may see lower level $ 1,800 test in the week to come. The selling pressure it still there, even though it is starting to feel oversold, it still may have further room down.

I suggest SELL current $ 1,860-1,865 and place stop-loss above $ 1,908. Profit order above $ 1,795.

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