Gold Spot / U.S. Dollar
Short

Gold | Potential Downward Movement

780
๐Ÿ’ก Trade Idea

๐Ÿ“‰ Sell Limit GOLD @ 1848.77

๐ŸŽฏ Target Profit 1766.50

๐Ÿ›‘ Stop Loss 1875.37

โŒ Do not risk more than 1 % of your account on each trade

๐Ÿ™‚ Good Luck !

Description:
The metal manages to breakout the bullish channel to the downside after facing a strong daily resistance. On the daily time frame it posted an engulfing bearish candlestick showing a potential reversal to the 1766.50 level.

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