Activemitch7

XAUUSD short term short

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
There is a possibility of a short coming up on gold once the price reaches 1704, I expect to see the price rise up to this price then sink down to around 1675, when I enter I will have a 100 pip stop loss which would then make my risk to reward on this trade be 1:3, although gold is on an overall bullish trend we have seen a lot of bearish price action recently and I believe that we may have another touch on our major trend line.
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