piphunters

GOLD, SHORT opportunity on BREAK DOWN/RIGHT NOW

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
The metal is forming a corrective structure following an impulse down and we can expect another impulse down anytime soon, risk takers can enter short right NOW since the price seems to be at the tops of the current structure, low risks can wait for confirmation of a break down out of the current structure which can happen this week possibly. Overall the metal is in a wave down in the bigger structure so any upside is an opportunity to sell.
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.