XAUUSD : Waiting to open a short position around 1485-1490

SAXO:XAUUSD   Gold Spot / U.S. Dollar
Gold is in downtrend in daily timeframe . However onl weekly charts it's preparing a bullish set-up.

Gold is having strong resistance around 1485-1490

Opening a short around 1485
( After crossing above 1485-1490 and open a short when returning back with a minor swing high on lower time frame )

Entry 1485
Stop-loss Above 1502
Targt 1410

Risk/Reward 5:1

"The Eagle Don't Catch Flies"
Trade closed manually: XAUUSD crossed 1490 and 1502 levels too in a impulsive move. Now trading at 1512.

So Short Trade set-up is negated.


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