Gold: negative medium term move, possible short

Gold keeps its negative trend, the medium term move is short. Correction last days reached the diagonal medium support. CCI(50) is under -100, which is a very strong signal for a short positions. Current levels are good for sell, toward the trend, with a stop level over the top of 4-hour long bar around $1233.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance