peterbokma

GOLD-SELL strategy

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
The tendency is lower as we can see DMI crossing negative last few days. The older view I had was correct, but got chicken out cutting above $ 2,015 area, and well that is life.

The way the pattern pans out is, to test CLOUD support @ $ 1,927 and once we move little lower towards $ 1,900 would start feeling to be in B&Y mode.

For those wishing to venture, SELL @ $ 1,960 and place tight stop-loss @ $ 1,997 and take profit @ $ 1,908 for now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.