Shorting gold in the direction of the main trend will be more convincing after one more leg up
Will short if it drops to 52.32. My Target $ 51
Has been falling since Brexit vote. Due for a correction after a slow stochastic divergence. Will enter long at 1.492
When gold drops to 1195, expect more downside pressure
Gold has fallen sharply to a strong monthly support area. Looking for a long entry around 1117
CME_MINI:ES1! Short term overbought after the elections drop and then sudden rally.. MACD divergence.. Good profit/Loss ratio
Price drop more likely based on previous trend. Sell Stop at 1225.4. Stop loss 1230.