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chiefcapitalfx

gold short setup with ma crossover and lower lows

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CFDs på guld (US $ / OZ) (TVC:GOLD)  
chiefcapitalfx  
TVC:GOLD   CFDs på guld (US $ / OZ)
Trend Analysis Chart Patterns Gold short lowerlow high Bearish Patterns Support and Resistance Tweezer Tops
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trendanalysis chartpattern gold short lowerlow high bearish supportandresistance tweezertops
Looking at the gold today weekend, it has been in a range for some time now and we've seen that in side the range has appeared another resistance zone. I am looking to short this and take profit down towards the next support zone.

Price seems to created a tweezer top on the daily and price has driven down from that resistance zone in lower timeframes such as the 4hr/1hr and price has created a HIGH and LOWER LOW + 30 ma has crossed over which gives me confirmation that the market will drive lower.

All this can be seen on the 4hr/1hr very clearly.

Trade this with caution and enjoy your weekend.
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