XAUUSD Gold would probably downward to 1269~1267 today, so try stay in short side. 1277 is the relative defense of short position, if gold can't rise above 1277, then continuing short gold without doubt. Have nice trading day:)
XAUUSD Gold reveal weakness due to mass downward and break uptrend-line yesterday. Asia market retest 1290 and have little rebounce to 1294, it give us a chance to short gold before Euro market open, however, the best condition is that gold stop and continue to drop at 1294~1295. Once gold rise above 1296 it's not in a good shape to short side. As we can see...
A beautiful opportunity has presented itself with XAUUSD. It has broken the 50 ema on the 1 hour chart and as it keeps losing support, we can expect it to drop further to anywhere near 1190. *The move is canceled if the 50 ema on the 1 hour chart doesn't hold as resistence. This is a day trading move. Risk 1-2% max. Trade safe!
short gold at 1333 with tp 1294 use always money management
I am late for this bearish bat pattern, hence waiting for retest. R:R at 1.4 (TP1) and 2.3 (TP2). Good luck.