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capetinetrader

GOLD sell at supply / resistance. Intraday trade active!

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
capetinetrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis goldtrading Forex trading
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chartpattern trendanalysis goldtrading forex trading
Price has managed to reject resistance, and this retest is a low risk setup to sell it down to 1711 handle. CT45LP indicator is giving a short signal.
Comment:
First target will be PAL (partial and lock) area of 1727 (EMA50). This will be the decider weather price wants to continue the drop for New York session open.
Trade closed manually:
Closed at PAL area before price reversed. A healthy 80 pips intraday
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