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alifathollahi1987

Short position at 1719

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
alifathollahi1987 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
4
4
trendanalysis
It is obvious that from the illustration, there is a strong resistance area at about 1719-1723; furthermore, the price is in a downward channel for more than 3 months. So, I expect a downward trend when the price trigger the strong resistance area (1719-1723).
Sell at 1719
Tp1= 1712
Tp 2= 1700
Tp 3= 1680
Sl= 1748
Comment:
TP1 is hit +70 Pips
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