peterbokma

GOLD-SELL strategy Daily chart

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Besides the overbought status on daily and weekly, we also are negative stochastic currently. We have GANN support $ 2,250 area and it feels we may correct back to $ 2,075 for the coming weeks to come, is my personal view.

Strategy SELL current $ 2,330-2,375 and same as before keep SL above $ 2,425 to give yourself room. Profit order initially @ $ 2,178.


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