Gold | Descending Triangle - Short below 1400

TVC:GOLD   CFDs on Gold (US$ / OZ)
Descending triangle pattern spotted in Gold ,suggesting bearish bias. Though the base of the pattern falls on 1403, immediately below is round number 1400. Hence it is advised to initiate short only if price closes below 1400 with stop above the falling trendline and target at 1380. Manage to book some profit at 1388 if price traverse through our predicted levels.

(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Can i buy gold . Its crossed 1425$ today . Please advise.
AkhilSuryaFS vrsvjr143
@vrsvjr143, Price is getting compressed and daily time frame shows a resistance band. Hence a daily close above 1430/35 would be a safer buy.

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