Gold XAUUSD Fibo Remain Open Short, Add more shorts
One of the most interesting trades of the day! Gold XAUUSD remains firmly in Fibo bear market without having hit the 1.618 target yet.
Testing 1st resistance level at 1490, if break will try for next resistance at 1520 which will most likely hold, barring any wild Trump-Xi antics.
Thereafter trail patiently for target of 1400 to 1410 to be hit. Risk / Reward between 2 to 6 times depending on your entry.
Good luck and please like this post to support more ideas in future! =)
Testing 1st resistance level at 1490, if break will try for next resistance at 1520 which will most likely hold, barring any wild Trump-Xi antics.
Thereafter trail patiently for target of 1400 to 1410 to be hit. Risk / Reward between 2 to 6 times depending on your entry.
Good luck and please like this post to support more ideas in future! =)
Trade closed: stop reached:
High middle east tensions causing this asset to spike up rapidly. Close position to monitor for next dip and retracement.
