Malika_Analysis

GOLD TO FALL AGAIN

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Price is currently trading within a zone of support and resistance . Price is still showing selling potential and from i can see, price has all potential to move up and test $1511.25 level before falling again to meet our target at $1462. Stoploss has been marked at $1528. Let's gooooo!

Risk no more than 2 % on this trade
Risk to reward ratio = 1:2
Trade closed: target reached: Target reached but price did not pull back to our ideal entry point.

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