SHORT XAU/USD (GOLD) DOWN TO 1208
XAUUSD SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING
FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE.
THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL
STAYS FIRMLY BELOW 1280-1290.
I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD RUSH JUST YET AS I STILL SEE FURTHER DOWNSIDE BEYOND
$1080 PER OZ BEFORE THE REAL BUYING FORCES ITS WAY THROUGH!
ANYWAY.. NICE 1:2 RISK REWARD POTENTIAL HERE.
TRADE SAFE AND HAVE A PROSPEROUS WEEK AHEAD.
FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE.
THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL
STAYS FIRMLY BELOW 1280-1290.
I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD RUSH JUST YET AS I STILL SEE FURTHER DOWNSIDE BEYOND
$1080 PER OZ BEFORE THE REAL BUYING FORCES ITS WAY THROUGH!
ANYWAY.. NICE 1:2 RISK REWARD POTENTIAL HERE.
TRADE SAFE AND HAVE A PROSPEROUS WEEK AHEAD.
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