FriesianFX

XAUUSD Gold 1 month swing trade breakdown

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
1st day of the month and we are off to a cracker. We said yesterday that we can anticipate swing sells based on the monthly candle rejecting strong resistance and that is exactly what we saw. Plan remains to visit the low 1900s and even 1800s, after such a heavy move down beware of consolidation/retraces before price continues down.

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