CFD Oro (US$/OZ)
Short

gotta be careful but the opps are there

160
Gold be looking really interesting. But is kinda looking tricky right now according where it is right now, which is two major important level. The rally of the SOW on the bigger picture is in effect. And its important to be careful cause price could either go up to 1975 zone, or go down to 1962. I expect a move to downside for a couple of reasons. As price failed to reak 1913 three times and showed important of supply the two first time it failed and some absorption of demand on the third time. And on the 4 hours we can see how price failed the three times because of the overweight of the supply and how the change of hands has happened since the 30 sept . So this is giving even more clues about the next move of the market. Plus price broke under the weird looking flag. If price break downside 1895 I will add a position, but if it shows sign of absorption of supply there I will close my position and wait for what is gonna happen next. NEVER TRY TO PREDICT. JUST GO WITH THE FLOW

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