Gold Bulls, don’t jump the gun

TVC:GOLD   CFDs on Gold (US$ / OZ)
Trump has won the Presidency. Markets are having a breather following a high octane Asian session which saw dollar drop against the safe havens, while risk assets melt.

Gold             clocked a high of $1337 today before retreating slightly to trade around $1317 levels.

Despite the bullish move, we have not had a bearish invalidation on the monthly chart; given the descending trend line is still intact.

Moreover, bearish invalidation is seen only if the monthly close is above the descending trend line . Till then, the upticks could be met with fresh offers.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out