GOLD Breakout Below the Flat Bottom

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Gold breakout below the flat bottom could happen on a strong momentum.

The price formed the support at 1794. Christmas is getting closer but we still can trade with good success. Sell the rallies is the option now as gold is bearish. Stronger momentum might be expected below 1794. Break below and the next targets are 1786 and 1782. Gold is ranging but still selling the rallies is an option. Longs only above 1800.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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