The Gold has be moving lower and lower recently following the rise of US Dollar, weakening demand and countries selling their Gold reserves. Check bellow how you can short it as well.
Read about the Trend/Wave/Extreme system here
- 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
Note: this is a trade under a daily so it may take longer for it to be in effect.
Read about the Trend/Wave/Extreme system here.