Technician

#Gold: Reactive Short

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
45
Update: Full target hit
Update: First Target reached. Closed first half and moved stop loss to entry


Looking for a dip as the price failed to maintain trading above 1225.00 main horizontal resistance, while RSI showing a bearish swing failure divergence.

Good luck
Subscribe to my trading portal thefxchannel.com/ ,
My best regards
Technician


Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.