BombayBulls
Short

Gold Short set up

FX:XAUUSD   Gold/U.S. Dollar
71 0 1
Friday's price action was another reminder that one should not trade during sensitive data release if not prepared with trade plan and ready for insane volatility. Until the first Fed rate hike becomes reality, periods of consolidation followed by sharp drops will be the norm for gold             and silver             . Now 1180 has become first line of resistance for gold             price retracement and that's where we would like to go short.

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