Sell the Gold under the daily 13/05/2013 success update

On the 13/05/2013 (check here the post) we suggested selling Gold after the Trend/Wave/Extreme system identified a sell signal under the 1 day timeframe.  Gold eventually moved $60 lower giving is a massive amount of profits.

gold killingThis was another great trade that was spotted by the Trend/Wave/Extreme system . Make sure you get your copy. No need to keep watching at your screen every 5 minutes. Just put the Trend/Wave/Extreme system on your system and spend only a few minutes to determine if you should trade and where the market is heading.

Bellow is how the setup looked before we placed the trade.

Gold(1-Day) Sell 

gold 13,05

Why Sell

  • A continuous down trend line
  • The price rose for a while and bounced after finding resistance at the 38.2% fibonacci retracement level
  • Trend (long term) indicators are pointing down
  • Wave(short term) indicators are pointing down
  • Chart pattern shows correction is over as it has resumed to move lower

Read about the Trend/Wave/Extreme system here.

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