A couple of quick charts on Gold to demonstrate an area of potential resistance, where confirmation may provide an opportunity to enter short positions.
For me personally, I don't get excited about Gold in the way many do. The various commodity influenced trading forums appear to attract large numbers of Gold permabulls. From my perspective it's just a chart like any other index that moves, albeit one that can show bearish (or bullish) divergences for long periods of
As we are still in a situation where there remains a lack of very high probability trades that are both ripe and imminent, I'm going to run through the main part of my watchlist showing what I'm looking at right now, why I'm looking at it, and detailing in pictures the simplicity of the type of trading set-ups I trade.