Market watch – $GOLD 11-16 -2016

Every week a new trading opportunity !

On our market watch today is Gold. Gold seems to be in a C extension after the rejection from 1340 falling trend line break out level. With this price action short term uptrend has ended and strong downside support is 1270-1290 zone.

Recommended trade size should be adjusted to your risk profile and money management. 

Preferred trading strategy  pending sell stop at 1214 with the SL at 1285.

Happy trading! (click on the chart to enlarge it)

gold trend following strategy


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