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Gold Spot / U.S. Dollar
Short

Sell XAUUSD

By KeithChan
Updated
XAUUSD Has a AB=CD Pattern and has a strong resistance level on 1256.50. The Risk Reward Ratio (RRR) would be rewarding.
Note
SL: 1257.79
TP1: 1245
TP2: 1237.44
Note
it is going back up to 1250 level, and expect it will bounce back down
Trade active
TP1 reaches. Capture partial profit and move your SL to entry level
Note
It is gonna hit TP2 soon. Expect a retracement at TP2. But I think that would reach 1210 if it break TP2 at 1237 level
Trade closed: target reached
TP2 reached.
AB=CDTrend Analysis
KeithChan

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