Carl_G

MIDAS TECHNICAL ANALYSIS WITH DEMARK ANALYSIS $GOLD

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Looking at the daily chart of gold a T.D Combo is about to complete which is lining up with the Monthly MIDAS R1 Curve launched from the 2012 high. Momentum is also approaching overbought conditions while forming a bearish divergence. Look for opportunities to go short on the lower time frames. The projected target is the $1000 handle which gives this setup an amazing risk to reward ratio.
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