Gold Short, ideal entry after CPI.

Short

CFDs on Gold (US$ / OZ) (TVC:GOLD)

Updated

TVC:GOLD CFDs on Gold (US$ / OZ)

trendanalysis chartpattern fundamental gold xauusd xauusdshort cpi

CPI drove up Gold as USD and the stock market plummeted due to higher than expected inflation. This is an ideal entry for me with a tight stop loss in case this news rally turns into a bull run. Long term, the rally lost steam with some long wicks in a long term daily zone of resistance so I am expecting this zone to hold up.

Comment:

TP Hit

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