GOLD is Moving Down

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GOLD is very bearish. The trend line has been broken and we could see the price moving down.

After the break of the trend line gold started to move down. Q L3 and M L4 are the first targets where price could go. If M L4 breaks we could see the move down to Q L4 level 1752. Gold is sold on rallies as each rally towards 1830 has been sold.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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