leopisbig

#Gold is in negative divergence, could drop below $1,300

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
  • Gold has been in an uptrend since mid-December 2017 from $1,236 and reached $1,340-1,345 range.
  • However, there is a negative divergence @ 6H chart, which signals a trend change to lower levels.
  • I think this trend change can influence gold prices and we may see - for the last time - price levels below $1,300.
  • For the long run, we will see prices above $1,400.

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