waleedkhan
Short

Gold Short setup

FX:XAUUSD   Gold/U.S. Dollar
367 2 2
Gold             seems to have bounced off its resistance area and appears weak around the resistance at 1242.8.

It is worth going short at these levels with stop loss above 1243-46 and aim for 1180 - 1215.

However one should be careful by not risking to much as the USD index has appeared weak the last couple of days and could thus reverse/retrace for a little while which could be bullish for gold             (perhaps a short term bottom?)

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waleedkhan
Opposing Stars
waleedkhan about XAUUSD 1 2 years ago
arprasad
2 years ago
thanks for your kind advice
Reply
waleedkhan arprasad
2 years ago
You are welcome
Reply
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