Gold Spot / U.S. Dollar

Short

XAUUSD - Short idea

Updated

I can see this rising wedge dropping unless 1740 is breached just a case of waiting for breach of wedge

Trade active

As predicted faced huge resistance at 1740 area and now created lower low and lower high/ Open short trade at 1738 and taken profit at 1710 local support. Re-entered short at 1727 invalidation is over 1730

Note

1st short target reached great short trade if it loses 1694 it will drop further to bottom support

Trade closed: target reached

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