LitCap-Vell

XAUUSD SHORT

Short
LitCap-Vell Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking at gold coming down to the 1268 Level. As you can see a channel moving to the downside i am favouring a move down towards the bottom of the channel, towards the end of last weeks close we had a very bullish momentum and now we are seeing the selling pressure come into play.

Lets secure the bag together, entries are everything so make sure you time your entry.
Remember.... Every day is Money day!

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Trade closed: stop reached:
Trailed my stop loss on the way down moving my stop loss into a stop profit.
the news forecast injected gold with a massive bullish run, now looking at a break and retest towards 13000

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