Downtrend confirmed

FX:XAUUSD   Gold Spot / U.S. Dollar
After touching the 1280 level which held its line and dropped back into the lower part of the neutral zone which I descriped last weekend.

After that today it broke the 1269 key resistance and confirmed the downtrend which was awaited after the 2-Week uptrend got its full correction in the past two weeks.

Now it will continue to fall with outlook to annual lows.
I have a support line at 1.26371. And I think, the prise change its direction. What do you think?
Reply eugene.huliakevich
My current trade has a TP on 1259. I want to exit today maybe tomorrow but surely before FED conference.

Otherwise check my new Idea:
Had Sell Stop on 1269. If it falls more as you said than no regrets will done :D
Let's hope for the best ^^
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