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anand1988

Parallel channel broken, currently testing support levels

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
anand1988  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Support and Resistance Supply and Demand Trend Lines
1
0
supportandresistance supplyanddemand trendline
On the daily clearly gold has broken parellel channel so post FOMC it will head towards double bottom structure support. Also the MACD is signalling bearish cross on the cards. After testing support for few days, expect 1800.
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