BombayBulls
Short

Gold short trade idea

FX:XAUUSD   Gold/U.S. Dollar
60 0 0
Gold             has broken previous support of 1220 and now we are looking for shorting it again near this resistance. Today's FOMC meeting minute release might be the perfect backdrop for getting few bucks from Gold             trade.

We are of the opinion that Gold             is likely to see 1100 but of course it might not happen in a day. So we will keep on looking for opportunities to exploit down trend. Major support to keep in mind is near 1180.

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