Gold - Daily - Could be a flag and then sell off lower.

TVC:GOLD   CFDs on Gold (US$ / OZ)
Personally me, I would like to see some more buying, but on the longer perspective, it seems that it's flagging out. It is breaking the steep downward trend right now, but be careful, as it looks like it wants to touch the 1260 level. It will probably have a think about around that level, and if it will decide that it will want to form a flag, then we could see some more hard selling.

I am going to call a SHORT, if it will show some negative signs around 1260 level.

But as always, keep an eye on the price action!


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