GOLD: diagonal resitance – caution for possible sale

GOLD: downtrend corrective movement to the short diagonal levels of resistance.

Three more consecutive lower peaks and 2 deep lows – the trend is downward.

The price tested the diagonal resistance forming negative formation bars Dark-Cloud Cover – Bearish Reversal

The formation is short for possible reversal of short-term Long.

Turmoil in the stock and financial markets led to a rise in gold, but such conditions are short, just give me good levels to sell.

The situation can be traded to sell from current levels after a slight correction to 1154.50 or after the fall of CCI below 0.

I choose to sell after adjustment 1154.50

Stefan D. Angelov – Head of Stocks Trading

 Varchev Traders

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