XAU/USD SELL - 06/10/2017
Gold continued falling, moreover, the move was supported by increased volume, which is a good bearish signal. Unfortunately, volume was spread throughout the chart, so we can't point out a specific level, but anyway, we should give preference to short positions. We can enter the market after a smooth upward correction to get a better entry point and, as a consequence, a better risk/profit ratio. A stop loss should be placed above the yesterday's maximum. A potential of the deal is 120-130 points.
The bottom line: short positions after a smooth upward correction.
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