Short Gold

Short from red sloping line.
There was a large retracement in a rapidly falling slope
Short now at 1255
Stop 1257
Profit at 1220

Trade active:

Trade closed: stop reached:

Stop was at entry. We were $2 in profit but I was looking for a bigger move down over the July 4 holiday
Red sloping line was resistance for several hours, then breached and became support So the upward trend continues so the same line can be used for support for a long trade at 1258 with stop at 1255