peterbokma

GOLD-SELL strategy weekly chart

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
The short-term and medium-term charts shows overbought status, and even though we cannot predict how high something will go before correction, overall it is clear we will correct and I feel we may see re-test $ 2,100 coming weeks, or thereabouts.

Strategy SELL or ADD @ $ 2,300 - 2,340 and place SL now for safety reasons @ $ 2,385. Profit order @ $ 2,127.

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