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andrew.berg
Jul 2, 2014 8:57 AM

Gold short scenario, tactical trade  Short

Gold/U.S. DollarFXCM

Description

Gold found supply level at $1331 - reversal point from 14th of April. from another side it is building nice upper level base with support at $1325. On daily, it feels a bit extended, so some kind of pullback makes sence.
$1326-28 is another resistance zone inside of that wide range. Looks like bears trying to take control and keep preassure on price.
Next buyable areas could be $1312, then $1306.

Check my Long Idea in Gold in the link below.
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