GOLD 0.51% $1,391.7 gold futures

Being short gold now would be a tricky play to get right.You...

  1. 246 Posts.
    Being short gold now would be a tricky play to get right.

    You want to take profit, but maximize gains.So you will need to withstand some volatility.

    I think you would need a pretty big reversal candle and confirmation to close out any position.

    Dow currently at 38.2% fib retracement from 5th April run up.

    I am thinking the 50% fib combined with resistance from uptrending line at 14660 as temporary support.

 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.