aparkon

08/17/2020 XAU short

Short
aparkon Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Expected XAU to retrace back to 1910 level and retest,

The short-term resistance was established based on the below reasoning.
**50 Moving average acted as resistance in 4 hr chart
** 61% of fib level reached from previous high

Short-term profit target :
Target : 61% fib level from supply zone
Trade closed: stop reached

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