Why you should sell the Gold

[finikas90]

Good opportunity to sell Gold under the daily timeframe.

Gold(1-Day) Sell

Why Sell

• A continuous down trend line
• The price rose for a while and bounced after finding resistance at the 38.2% fibonacci retracement level
• Trend (long term) indicators are pointing down
• Wave(short term) indicators are pointing down
• Chart pattern shows correction is over as it has resumed to move lower

Read more about this analysis here, and about the Trend/Wave/Extreme systemunder which this analysis is based on here.

[finikas90]

Anybody else short on the Gold, it has lost 13 USD since the post

[finikas90]

Check herehow we made a killing selling the Gold as recommended above.

This was a very good trade setup that was picked up by the Trend/Wave/Extreme system allowing us to earn the $60 drop in the price of Gold.

Make sure you check the Trend/Wave/Extreme system