Gold - Potential Short Opportunity

11 de jan. de 2017Overall market bias on the monthly and weekly line up with the daily to confirm a potential short position. Price action currently showing a pullback and rejection off the CTL and monthly key level area. Further rejection seen off the 50 EMA, and we could be witnessing a potential tweezer top or bearish engulfing pattern, but a daily candle close will confirm this. Hopefully we see a close back below the monthly key level and supporting candle pattern before considering a short position.