CollegeDropOutTRADER

Gold Short High Probability Short Trade

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we can see DXY , dollar index breaks major support, USD is extremely bearish currently. But, Gold can't make a higher high, it shows that investors are now in risk-off mode and felt positive towards economic-reopen.
Comment: TP has done!, 1:4.5 Risk and Reward ratio !

Comments

I think we are seeing on the same page. It needs to go back to 1680 area before the jump
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@WOLFXGANG Good one !
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I have this overall TA on gold, interesting to see what will happen
+1 Reply
CollegeDropOutTRADER transparent-fx
@transparent-fx Great one !
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TP has done, 1:4.5 Risk and Reward ratio !!
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Awesome analysis !
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