XAUUSD (GOLD) SHORT TRADE SETUP

Hi traders:

Here is a quick short opportunity on XAUUSD (GOLD), as my analysis on GOLD is still bullish on
the higher time frame.

4 HR chart broke down support trend line, retraced @ 0.618 fib retracement, and formed doji
and bearish engulfing candles, lower high confirmed

Target 1: 1217.00 (2.17% Profit)
Target 2: 1200.00 (5% Profit)

Thank you for your support and feedback.

Trade: #20
Date: 02/13/2017
Time: 02:00 GMT

Comment:

Here are the other time frames

Trade active

Trade closed manually:

4 HR chart broke above 50 EMA with a strong bullish candle, exit the trade at break even.