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legendarytrades

XAU/USD Swing Short Idea

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
legendarytrades  
FX:XAUUSD   Gold Spot / U.S. Dollar
Forex swingtrading swingshort Gold XAUUSD trading
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forex swingtrading swingshort gold xauusd trading
Price broke below the 200 SMA both on the daily and weekly. Price tested but failed to regain momentum above the 200 SMA on the daily chart. I am short from 1270, stop at 1280, target at 1200 for a 7:1 ratio trade.
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