Gold Short Idea-Opinion
Hi there ! This is a short idea-position for GC1!. As we see at the weekly chart the price of yellow metal reached the upper bollinger and a rebounce to median is expected rather than a huge breakout. Short term gold price might go further up to 1340$-1360$ and then the rebounce is high possible to 1280$. Dont forget that Gold is highly correllated to EURUSD. Indicators also sing a possible swing at prices of gold because RSI at overbought level above 50-60 and ADX will swing until the -DI crosses above the +DI. Hope you found this view helpfull. Invest with safety !
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