GOLD – possibility for short positions

GOLD: 19.01.2017 Timeframe: D1 Middle-term downtrend with short-term correction until 38.2% of Fibonacci. Test and rebound from diagonal resistance. Price Action: Bearish engulfing setup. Technical Indicators: SMA50/200 – 50 under 200 and price under 200 – negative signal. DeM – turns down above 0.7 – negative signal. CCI 50 – Doesn’t give clear signal, still in […]