EddieChaseFX

XAU/USD short potential (Day trade)

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAU is currently resting on Daily trendline support with confluence of zone support. Watch for confirmation of trendline break to reach the zone below at 1268. A break and retest would be clutch for a move to the downside with a TP1 of 1268 and possibly 1250's however don't be fooled as this will most likely just be a retracement for a move higher as investors show fear in the markets. Overall TP1 1268 seems imminent. Don't get greedy... pigs get slaughtered.
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