Short position - restracement opportunity to 2635
Updated
Gold is looking to be over bought and this has presented an opportunity to take a reasonable short position down to the last strong support level of 2635.
Following the 2635 there is the next support level marked up around 2600. Could be some sideways action and could grind past 2635 with some resistance.
This will establish the head a shoulders pattern.
Following the 2635 there is the next support level marked up around 2600. Could be some sideways action and could grind past 2635 with some resistance.
This will establish the head a shoulders pattern.
Trade active
tracking downward and positioned Open Short position 2659 and targeting 2635 Note
Crossing the Supertrend RSI 50point mark heading down. Cementing the short position at the 30m time interval. Note
Silver and Platinum are following same Price Action move to the downside. Note
Supertrend RSI now touching 50point mark for 45m interval chart. Down it goesNote
Price point 2655 is showing resistance. 
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