Yuriy_Bishko
Short

XAU/USD Gold weekly overview

TVC:GOLD   CFDs on Gold (US$ / OZ)
XAU/USD Gold weekly overview

On the chart we see that currency rate 9 days ago bounced up before key level $1236. That was a signal that big players want to get more fuel for continue of the trend. Also, as you see on the chart there are bearish moving from 4 -month range $1300 — $1360.

After such accumulation of volume , the price can't turn it direction in 1 moment. I think the price will continue moving down to key 13 months low $1204. Only near $1200 — $1204 we will be able to look for short.
Comment: You can open short near $1237 if the price will make pull beak.

Long positions I will look for only near $1200 + my trading Set Up.
Trade closed: target reached
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Comments

I agree with you
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Thanks Yurij !
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@kiciuch, you are welcome
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