GOLD analysis next target 1735

TVC:GOLD   CFDs on Gold (US$ / OZ)

Gold is in downtrend zone, went top high and formed double top showing a bearish signal as it was unable to hold and break above 1834.

Now gold is moving between 1772 and 1748, according to fibb of this month 0.382 our next target is 1735.

You can open a short position once it breaks below the 16th sep low i.e 1748. It will take hard time to break that level till that you open short at high between this range. It will sure come down

Analysis based on price action on daily basis. Cheers and just chill till it breaks for short position.

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