Trader_Troy

Gold long to 1250 after successful short

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold is playing out as I outlined yesterday with prices falling from resistance/ascending trendline from 1218 to 1208. I am looking for a long from here to 1250 with 1:3 risk/reward. Happy trading!
Comment: This one is not looking good after the bearish engulfing daily candle, and no evidence of bullish price action of lower time frames. On a break below this level a I will watch for short entries.

Comments

what do you envisage from here on in?
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