VietnamGold
Short

GOLD - SHORT TERM CORRECTION

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             seems like being in a short term correction after touching 1315- two year high. A short is recommend if price has a break out of the triangle and the internal trend line . MACD indicator also has a bearish divergence. Support is the yellow areas which coincides with 50% Fibo Retrace from 1199 to 1315.
Trade plan:
- Sell stop @1277.
- Take profit @1260.

After trade is active, I will post a stop loss level.
Comment: Gold is on the verge of breaking out.
snapshot
Trade active: Sell Stop order was hit @1278. 100 pips so far. Still targer 1260.
Comment: Stop Loss is set at 1280. Take profit @1258.
Trade closed: target reached: Gold reached $1258. Took profit.
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