GOLD 20.12.2016
Time frame H4
Middle-term downtrend, correction to levels of diagonal resistance gives us possibility for new short position.
Technical indicator:
DeM(14) - In zone of oversold, when turns and break level 0.7, the negative scenario confirms.
SL: 1153
Alternative scenario: If the price breaks over EMA 50 , the negative scenario will be negatev.
Sentiment: Because of the strong USD, the precious metals are being left behind by the investors, gold included.
Jr_trader_B_Arabadzhiev
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