XAU/USD Potential short-term trade

Catalyst: Price action

I reckon XAUUSD needs a retracement at least until the US Jobless claims data release.

PS: This trade fails if it can breakout and close above 1750

Comment:

We will buy if it rejecting the trendline. Currently, waiting for US Jobless claims data.

Trade active:

Nice double top on H4 Time-frame
US Jobless claims 5245K

Trade active:

SO far so good!

Trade closed: target reached:

Will re-enter the trade later at better rates