peterbokma

GOLD- Medium term SELL strategy

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
For now we may see slightly higher Gold price, as market is still having some steam left. For the medium-term strategy I would prefer to SELL near $ 2,075/oz. whereby it may have become more overbought. Weekly chart already shows signs of overboiught status, and the BB% similarly as well.

The profit order is near $ 1,925 area, and stop-loss place it above $ 2,150 for now.

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