mk-fx

XAUUSD. Watching Closely For Shorts

Short
mk-fx Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
US30 and Gold are inversely correlated. On US30 I am expecting bullish rally which lines up with gold's short analysis. Price came to 61.8% fibonacci zone where I expect a reversal. Next thing I want to see is trendline break and then I wait for retest on lower timeframes. Short potential is huge, TP 1 at 1535
Trade closed manually:
Close gold. It broke trendline on our timeframe. At the moment is bullish on LTF. Lets wait for ascending trendline break to take short.
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