Gold short doing well so far

24 เม.ย. 2015

I see gold going down to previous support of around 1140. It looks like it will fail to pass through the daily ichimoku cloud. MACD and Fisher both lookish bearish as well. This trade is completely reliant on technical indicators and I will monitor it if the current bullish equities markets make a weekly turn for the worse and investors move for cover in gold.