(GOLD) XAUUSD Short Opportunity
Updated
Hi everyone,
Hope all is well. Today I'm looking at a possible short setup on Gold (XAUUSD). Its a very simple analysis as it's based off the Daily descending trend line and a 61.8% fibo level. Expecting this to show some kind of reversal from this area. Major monthly resistance is also just above this. Short side targets remain around 1300 to 1280.
Hope all is well. Today I'm looking at a possible short setup on Gold (XAUUSD). Its a very simple analysis as it's based off the Daily descending trend line and a 61.8% fibo level. Expecting this to show some kind of reversal from this area. Major monthly resistance is also just above this. Short side targets remain around 1300 to 1280.
Trade active
Just a small update, we are now risk free on this trade with stops at break even. Allowing the market to do what it wants now.Be aware of PPI later today.
Trade closed: target reached
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