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PetarJacimovic

Sell off in a heavy volume in the background (Strong bearish)

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
PetarJacimovic Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
4
0
I found a very strong bearish view on the GOLD. I saw sell off in a heavy volume and breakout of the upward trendline. Futures Gold chart also confirmed heavy volume and 320% increasing volume from the average. My near term target is set at the price of $1,234.50. Anyway, I will follow price action and move SL according to price action.
Comment:
SL secured on breakeven. Final target at the price of $1,234.00.
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