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KeithChan

Sell XAUUSD

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
KeithChan Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis AB=CD
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trendanalysis abcdpattern
XAUUSD Has a AB=CD Pattern and has a strong resistance level on 1256.50. The Risk Reward Ratio (RRR) would be rewarding.
Comment:
SL: 1257.79
TP1: 1245
TP2: 1237.44
Comment:
it is going back up to 1250 level, and expect it will bounce back down
Trade active:
TP1 reaches. Capture partial profit and move your SL to entry level
Comment:
It is gonna hit TP2 soon. Expect a retracement at TP2. But I think that would reach 1210 if it break TP2 at 1237 level
Trade closed: target reached:
TP2 reached.
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