kopparam

xauusd,4hour, channel resistance

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has met channel resistance and almost fib resistance.
shorting gold@ 2055 for 1815.... stops@ 2085.

looking for 61.8 retracements of this up move from 1670 lows to 2069 highs.
one should even look for trading opportunities that provide a good risk to reward ratio as well.

Trade active ...

Good luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.