XAUUSD - Short

FX:XAUUSD   Gold Spot / U.S. Dollar
138 0
Gold sell here due to the triple top formation potentially alongside the fact we look to have made a higher low and lower high now potentially showing a reversal of the bull market we've seen recently here.

Looking to short to the 200 MA level, however more downside potential further to this, going to see therefore how price plays out if it heads to this level and then may set a final TP closer to the $1,200 level.

Risk:Reward - 1:4
Risk - 2%
Sep 15
Comment: Loss of 2% here, price action didn't play out as expected, there was some consolidation around the area highlighted in yellow of interest.

For future reference when a potential set-up is forming more confirmation is required as could have been seen if a longer wait had been applied before entering the trade, noted or future reference.
Oct 02
Comment: Similar situation has played out recently and trade not taken as awaiting confluences causing no trade to be taken, this saved another 2% loss. Slowly learning bit by bit.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out