Demalmo

XAU/USD SHORT

Short
Demalmo Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Open order: 2047.23 (1:2)
Stop loss: 2057.23 / 10 pip
Take profit: 2027.23 / 20 pip

1. Trade was not based on strategy
2. Order was taken due to following factor
  • Price rejected twice on major resistance level
  • Price consolidated suggesting retracement
  • Trade we are taking are the retracement
  • Expecting gold to ease up before making a new rally
  • Price at liquidation level
Trade active:
Stoploss move to breakeven
Trade closed: target reached:
Price hit TP securing 20pips
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