mopowo

XAU/USD_Short_1H

Short
mopowo Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
According to the high timeframe biases, the trend is descending. Also, we are below a 4H resistance, and the price is making a spike to the high.
So, I took a short position
I believe the first target is 1770 and then 1760 would be the last target.

R/R = 1: 4.47
Comment:
I partially close some of my volume on 1774 and move my Sl on the entering point, so I pushed out now.

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