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GOLD - SELL strategy 6-hourly chart Regression Channel

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GOLD still remains on upside, and we have clearly seen this. However, I believe we will see a reasonable correction in the near term based on the fact we are way above the channel, and secondly we are heavily overbought for sometime. Yes, I can understand the fear that markets have, but is it this founded at any level is something I wonder. Anyway, it provides an opportunity to add to shorts we have.

Strategy SELL @ $ 3,325-3,365 or ADD (ensure leverage is manageable of course. I maintain for metals always a very low leverage). Profit on the way down @ $ 3,237 and follow by $ 3,178 for now.
Dagangan aktif
partially taken out @ $ 3,291. Re-selling @ $ 3,322 (see latest update)

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