vj20_fx

Gold Short Opportunity

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
I did my analysis on Gold over the weekend looking for a retrace back to trend for a bearish reaction. The long bearish candle has followed through my analysis so I am now waiting for price to break through my H4 support for confirmation that it is going lower. I have put my target where daily support meets major trendline as they are both very strong lines of support.