short scenario on gold

TVC:GOLD   CFD sur Or (US$/OZ)
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  • US economy showed some weakness at the end of the week
  • Commodities prices started to fall down again
  • Euro zone strength shown by the PMI and unemployment figures

All these fundamental arguments coincide with the weakness of the gold i will open a short position in the B point and follow the scenario as it is described in the chart


the gold acted exactly as i expected so the scenario now we reached the bottom of the neutral channel, we can take a part of our profits and wait for the breakout ....
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