Gold Direction are clear, We are going Short.
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Gold Chart Weekly[/caption] Gold Direction Weekly Chart
After consolidation for few days , what I was expecting, we finally got something clear. As you can see, we touch my "UP Bearish trend line" , and close with price failure for a second week. but this time, sellers won. And another thing I like, we let buyers test 50MA but gold price close under 50MA. Right now is important for sellers to close under 1630.00 with no resistance to keep bearish channel. We should go till 1580 price, and then sellers will take a break and let buyers get in for a little move up or consolidation. [caption id="attachment_6162" align="alignleft" width="150"]
Gold Chart Daily[/caption] Gold Direction Daily Chart
On daily GC chart, we can see following thing: volume spike are above 85k a [...]day trading course
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