Started Shorting last week and will be closing my position around 1231. If support breaks I will reopen my short and watch it carefully with a trailing stop loss. If XAUUSD shows signs of a uptrend I will long it until it hits 1302. Good luck
Comment:
Price looking good, and still dipping. Updating my stop loss constantly. 1231 is still my target, but it is not concrete that the price will bounce off the support, this could break support so it is something I am watching closely. I will likely close my position around 1231, and if the price breaks that support line I will short again with a smaller amount.
Comment:
Expecting the price to bounce some in correlation to USDJPY dipping. 1249-1250 max. Then next leg down will start