XAU/USD: Gold short breakout trade

FX:XAUUSD   Gold / U.S. Dollar
236 2 3
Still long from another idea, but looking to BE on most of it...

This short will hedge the rest until either SL or TP....

Example of short setup at market on chart but the confirmed breakout trade is safer...

Choose wisely...
Trade closed manually: Closed for small profit, I think we'll get as high as 1226-1230
Hehya KVE , dollars turned back up,,,,gold should keep going short as long as....I'm still short from yesterday after cashing out and reentering @ 1200.0...hopefully onto Arpis 4th wave @1190.68, then it will be interesting!! How low could it go you reakon?? I still feel it's to early yet with so much to happen ie Brexit, int rates and elections Nov.?? I mean for the much talked about Bull Run..I guess we just carry on trading up or down anyway!! Ron 7.30pm NZ

KVE Ronnee
Yeah, you're right, nothing big before brexit I think..., market probably setting up for a big move if Brexit is confirmed..., maybe bull run from daily broken wedge re-test...?

I got long running and short hedge, will close longs around 1233 I think..., maybe 1244-1255 could also be upside targets..., short hedge I might close at BE if we get there..., because we broke the recent down trendline...

I've tried counting waves on the recent sell-off and this is what I came up with...:
XAU/USD: EW count - wave 4 ongoing?

Working on daily count update now, will post later.
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