Gold - short term sell & long term buy - forecast

Gold is on week chart again within big triangle after breaking down in 2018. Volume is getting lower and 1300 $ seems to be a strong resistance for gold. I expect a soon correction down to 1265 $ from there could start the next run up to 1340 $ if this support doesn't breaks. Weekly RSI is nearly heavy overbought which is a bearish indicator.

Stop loss for short position: above 1300
Take profits are drawn in the chart

Take a look at my first weekly gold analysis from August 18.

Good luck - don't forget to follow and like :)

עסקה פעילה:

move stop loss to entry or above 1290

העסקה בוטלה באופן ידני:

closed with first signals from trend reversal