anedjai

Gold short term reversal

TVC:GOLD   CFDs on Gold (US$ / OZ)
This trendline has been hit 4 times making it a significant trendline . I expect the price of gold to reverse and potentially follow up all the way to the first horizontal line that will act as resistance which was previous support. Tight stop-loss at around 1282 based on previous price levels over the last few days as a major break of this trendline could see the price falling substantially lower.
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