Gold - Potential Short Opportunity

TVC:GOLD   CFDs on Gold (US$ / OZ)
Overall market bias on the monthly and weekly line up with the daily to confirm a potential short position. Price action currently showing a pullback and rejection off the CTL and monthly key level area. Further rejection seen off the 50 EMA , and we could be witnessing a potential tweezer top or bearish engulfing pattern, but a daily candle close will confirm this. Hopefully we see a close back below the monthly key level and supporting candle pattern before considering a short position.

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.