salsapete

Gold Short Update

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold moved beyond the .382 retracement of current swing.

Suggest more conservative position to consider a shorting opportunity.

Enter short @ 1330 ( 2/3 retracement)

Stop @ 1375 ( swing high)

Target @ 1197 ( equal legs fib extension & prior swing low) . 2.5 + RR.
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.