Shortterm short on Gold Short

Gold/U.S. DollarFXCM

Description

⋅ Feb 16, 2016 8:07 PM

Its failed to break for a new high once already. Its looking weaker at the moment, while oil has found a temporary bottom. This adds to earlier idea about being bearish on gold.

Comments

villanifed

⋅ Feb 16, 2016 8:11 PM

i see it in a different way... i think it already hit support and is going to grow short-term

GeneraldisastersInc

⋅ Feb 16, 2016 8:20 PM

Indeed that can also happen. We will see which line gets breached first.

villanifed

⋅ Feb 17, 2016 7:01 AM

well, guess you were right! good analysis!