DLavrov
Short

Short Trade for Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
190 0 11
Daily chart - price is near up Bollinger Band . MACD is falling and we can try to find entry levels for short trades on hourly charts. 1H chart - we have range market conditions. ADX is below 20 and Moving Averages are intertwined. MACD and RSI confirm price reversal from Bollinger Bands and short trades. Entry 1364.00, stop is above resistance level 1375.15 and profit target is opposite Bollinger Band .
Trade closed: target reached
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