Gold Short - Hourly Chart

FX:XAUUSD   Gold Spot / U.S. Dollar
I am expecting Gold to see some retracement after a rise to price 1860.00. MA's are currently rallying at the current price point and once they converge we should see a push downwards.
There is a strong likelihood that the dollar will continue to gain strength in the next couple of days which will weaken the price of Gold .

Sell Entry: 1848.00
Targets: 1844.00 | 1840.00 | 1836.00 | 1833.00 | 1829.00 | 1827.00
Support: 1824.00

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Trade closed: target reached


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