DikotoMandengue
Short

XAU/USD Short - Bear Symmetrical Triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
Technical trade..

Nice setup with good R&R. I just sold Gold agianst the dollar. We inside a nice bearish triangle. I took the trade a the top of the (range), you could wait for a breakout and/of a retest of the triangle . remember do not just copy a trade from someone else, try to understand why they should trade it.

Technicals

- We at highs right now and allready declining, will this shortterm trend continue?
- 4H Bearish triangle

Sentiment,
Lot's of uncertainty in econmics this make's gold very attractive as a safe heaven. Lot's of smart allready bought gold . Inverstors/traders prefer to make a pullback to see if there are more buyers is some cheaper zones.
if so i will update you with those important zones.

Fundemental,


Trump just visited North Korea and talked about how good there relationship is. He also appointed that he thinks that korea have lot's of oppurtunitiesin there economy and trump is glad he can be a part of that.

Entry:
1328.00

Stop loss:
1330.00 ---> I may put my sl 20 pips higher .

$Take Profit:
First take out
1321.00
1317.00

From the Netherlands? Pm me!
Comment: Take some profits and Stoploss in profit ;)
Trade closed: target reached: 110 pips profit , will post a possible next step.
Comment: Thankyou for the follows & like! Other post of Xauusd Hitted TP 1
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