FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Red line is the Support on the daily time frame.

Waiting for gold to either pullback to 1250 and continue downwards.

Black dotted line is the support area on the 4 hour time frame.

  • I have my Short order 5 pips below the Black dotted line
  • Stop lose placed 5 pips above 1250.