Trade_Simple_FX

Gold H4 - Short Setup

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As per the VN we are 'technically' bearish as we have a big selloff move $110 pulling downside, we also are trading below 1880, which is our resistance zone. Effectively a bearish flag pattern, and a bloody big one at that! The flag consolidation alone is 230 pips. With a target of 350 pips from 1880 to 1915 if we break upside. We haven't had much movement recently so lets see what unfolds.

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