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pipseek

Bearish Gold

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
pipseek Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
6
0
Price is below Kumo for a long time and showing bearish biasness.
My trade idea is short with SL-1173.90
R2R- 1:1,1:2,1:3

Good luck!!!!
Comment:
SL was hit because of intermediate retracement.
Will wait for reentry till price goes below the lowest low of past five candles i.e. between 1160-1156.
Trade active:
Trade is doin well.Fed rate hike has driven gold even lower....expect the bear to continue in control.
Trade closed: target reached
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