sngyuchao

Gold Short: reaching VWMA, high RSI, resistance zone

Short
COMEX:GC1!   Futures Oro
Ideally, I would call for gold short around $1800, but given that anyone who followed my previous post on long gold would have made profits, I think it is okay to leave some potential profits off the table.

Right now, it is at resistance zone, is reach VWMA, and with RSI in overbought zone, I think that the additional potential profit does not justify the risk anymore.

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