Lizo420

gold short position on 1hr tf

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
gold has recently completed the elliott wave triangle and broke out bearishly as was expected. it went lower and came back up to give the last kiss of the resistance level. we expect price to reach the 1496.26 as our price target.currently gold is still testing our entry point of 1508.11. our protective stop is at the 1511.76 level as this has proven to be strong short term resistance.

Entry: sell limit 1508.11
tp : 1496.26
sl : 1511.76
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