GOLD SHORT SETUP

XAU/USD has positioned itself below 78.60% fib using now as a resistance. good entry point.

SL : 1,309.00

TP1 : 1,288.00

TP2 : 1,275.00

I will update as we go...

Trade closed: stop reached

SL hit 1,309.00

Trade active

Re Entered position short after dovish ECB report

Entry 1,308.80

Note

Note

we got our daily close below key fib level 1,305.00

also from a 4HR view we are seeing the bearish momentum

SL to break even

Trade closed: target reached

Gold has dropped $28 since entry yesterday!!!!!!!!!

TP1 has been hit and we are still moving downward, at this point you can either take all profits or book some now and bring SL to 1,290.00. securing $19 per Oz of profit and run with the bears.

Thanks,

O.Hollis

Note

MarubozuTrader

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