jordanmac

BEARISH TAKEOVER?

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
As we've seen in the last couple months, Gold has rallied up to 1260 - before dropping back down to 1255.74 before the market had closed. I won't be looking to trade during the festive period as the markets will be slow - but I can see Gold possibly pushing back up to 1260-1265 area, before we start to see some heavy selling pressure - Trade carefully with Gold , ensure you're using the correct risk

Elliot waves has confirmed my analysis to the downside, so I will now watch price action heading into the new year

#JugFX
Trade closed: stop reached

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Comments

Cup and handle developing, don't short forever use tight stops.
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