DariusAnucauskas

Gold - Daily - Watch the line!

TVC:GOLD   CFDs on Gold (US$ / OZ)
Well well well... Isn't this a fancy level... AGAIN!!!

Honestly... This commodity is fascinating.

It really loves it's trend lines . It really loves to test them out.

Somewhere deep in my mind, it's telling me that this is a good SELL. It would really be a good breaking point for a lower move. Certainly, I understand that we need a good confirmation, like a close on the Daily, but there are plans to lift the DXY a little bit higher, then bad news for this shiny metal.
If you are very adventurous, then you can enter a position and see what happens, with the help of a SL of course.
But if you are more careful and once you have been burnt on this commodity, then keep watching the movement around that trend line . And don't worry, you will definitely NOT miss a good entry on it.

As always, keep an eye on the price action!
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