velmunis

GOLD IS GIVING UP ITS EARLIER GAIN

Short
velmunis Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD

Gold has rallied due to the spreading of the coronavirus.

And reached 1700.00 historical level

For the past one week its in consolidation phase

The fresh stimulus package from USA will strengthen the USD

We short the gold against USD from 1665 level which is currently a 61.8% Fibonacci level

And the potential take profit will be 1517.00

Stop lose may placed above 1672.00 level

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Trade active:
The upward target of +60 pips done..the selling of the gold has started
Trade closed: target reached:
downward target reached with +200 pips

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