Pullback Sell In XAU/USD
Until then, we may get a shot at a decent short-term sell in the XAU/USD:
4-Hr 38% Fibonacci Retracement, 1747.97
The 1747.00 area isn’t a bad place to sell this market. With an initial stop loss at 1752.50, this short entry should be good for 5.50 on a standard 1:1 risk vs reward ratio.
Here's the trade:
1) Sell @ 1747.00
2) Initial Stop Loss @ 1752.50
3) Profit Target @ 1741.50, 1:1 risk vs reward ratio
4-Hr 38% Fibonacci Retracement, 1747.97
The 1747.00 area isn’t a bad place to sell this market. With an initial stop loss at 1752.50, this short entry should be good for 5.50 on a standard 1:1 risk vs reward ratio.
Here's the trade:
1) Sell @ 1747.00
2) Initial Stop Loss @ 1752.50
3) Profit Target @ 1741.50, 1:1 risk vs reward ratio
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