forexTrdr short Gold - FALSE BREAKOUT YESTERDAY?

FX:XAUUSD   Gold Spot / U.S. Dollar
Morning traders,

Yesterday we caught the gold long from 1285 up to 1297 before taking profits and we are now looking to switch the trade to play it from a short side with both RSI and stochastics overbought and at levels where we have seen a pull back. Additionally the pair is at resistance level around 1300 which we have highlighted on our trading view chart work.

Clean simple trade backed up with Trumps tweet overnight of feeling like China talks will be successful and markets moving back to a risk on tone.

Comments and feedback are always appreciated from anyone in the trading community

Good luck trading

from the Team at forexTrdr

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