GOLDEn-Serpenti

Gold Sell 1956-60

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
XAUUSD - Bearish -I look to Sell at 1956

◾ A bearish Head and Shoulders is forming
◾ This is negative for sentiment and the downtrend has potential to return
◾ There is scope for mild buying at the open but gains should be limited
◾ Resistance is located at 1960 and should cap gains to this area


Stop: 1991
Target 1: 1877
Target 2: 1850
Chart
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