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Magnatrio

GOLD Swing Trade Idea and Setup

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
Magnatrio  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis Gold goldidea goldsetup goldanalysis goldtradeidea goldtrading goldshort
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trendanalysis chartpattern beyondta gold goldidea goldsetup goldanalysis goldtradeidea goldtrading goldshort
I usually use the AUD strength as a directional bias for Gold. I am anticipating price to be in replica on XAUUSD too. I am waiting for a rejection in the golden area of the Fibonacci. When all confluences line up, take short entries and target the -61 extension. Depending on price momentum, I may target the 1750 key area for Take Profit.

*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
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