CyberFxTrader

XAUUSD shorts position idea

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
I Won't be taking an entry right now, but I think for later, this might be a possible sell position. You see that the price broke below 200 MA, that indicates that the price might continue the trend down. Also, we're now in a major downtrend if we look at the whole big picture. The USD are also quite strong these days.

I would probably try and find some scalper entries before the news, so they get avoided.
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