legendarytrades
Short

XAU/USD Swing Short Idea

FX:XAUUSD   Gold Spot / U.S. Dollar
Price broke below the 200 SMA both on the daily and weekly. Price tested but failed to regain momentum above the 200 SMA on the daily chart . I am short from 1270, stop at 1280, target at 1200 for a 7:1 ratio trade.
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