CromerKing

Gold Short Idea Major trendline hit

Short
CromerKing Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Pretty much as the title says. We're up to the major downward trendline. Current market conditions can easily mean this thing ploughs through and on up but technical is technical and we are where we are. Great opportunity with minimal risk. Personally i'd like to see a new step down to around 900 even 800 for some long term buying opportunities, will we see it?
Trade closed: stop reached:
Well that was a spectacular fail!

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