Swing: Turning point for XAUUSD (23/04/19)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is looking bearish with the current structure of lower high and lower low formed. At the time of writing, price is currently supported by the EMA 200 which was tested 4 times prior to today's candle. We are more incline to take on a short trade in this instance despite the fact that in the higher time-frame (weekly), the trend is still pointing up. Kindly note that this is still consider a counter-trend trade so best to take your profit off the table should there be any signs of reversal shown on the chart.

Trade Set-up:

EP: 1291.80
SL: 1313.00
TP: 1256. 40

Best Regards,
Nour Capital - Tracking Smart Money Flow

The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active: Trade has been triggered.


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