XAUUSD - Short Opportunity - Monthly Resistance 1300.00

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar

I am demo trading and documenting my progress. This is not intended to be a sell signal !

Ascending Trend line Structure on 4H met resistance at Weekly 1350.00. Currently respecting resistance on a down trend structure bounce and for extra confluence respecting Monthly resistance at 1300.00.

Retest of Weekly Resistance still possible. Buyers may look to breakthrough however I anticipate a sell down to 4H Support before pushing higher breaking that 1300.00 price point.

Sell at CMP 1298.00
SL - 1302.00
TP - 1285.00


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