TradingMax
Short

Potential short gold with tight stop loss

FX:XAUUSD   Gold / U.S. Dollar
The declining resistance from he 10th December might provide enough strength to send the price downwards towards 1170 region and below. In that region a major support line can be observed, where the TP should be placed awaiting for further confirmation whether it can be broken. A tight stop loss on this trade can allow for good R/R ratio.
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