TraderOfSwag

Is Gold losing bullish power?

TVC:GOLD   CFDs on Gold (US$ / OZ)
With stocks recovering from black December, looks like GOLD is weakening. Those two candles are hinting a downtrend may start.
I need confirmation to open a short. Remember Trend is usually a great friend here, so once we confirm a direction I would open a position immediately.

The blue line is close to 1300, a critical spot for me. Let's keep an eye on this. (And the MA)
Comment: We closed our short partially since I expect GOLD to hit 1300 again. It took the third try to get a good move down, that is why I waited for confirmation.

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