CollegeofPips

Gold | Potential Downward Movement

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
πŸ’‘ Trade Idea

πŸ“‰ Sell Limit GOLD @ 1848.77

🎯 Target Profit 1766.50

πŸ›‘ Stop Loss 1875.37

❌ Do not risk more than 1 % of your account on each trade

πŸ™‚ Good Luck !

Description:
The metal manages to breakout the bullish channel to the downside after facing a strong daily resistance. On the daily time frame it posted an engulfing bearish candlestick showing a potential reversal to the 1766.50 level.

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