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peterbokma
May 29, 2023 3:53 AM

GOLD-SELL strategy Short

GOLD (US$/OZ)TVC

Description

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.
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