POTENTIAL TRADE : XAU/USD
Gold has approached psychological resistance zone at $1560/oz. Buyers taking profit from long positions.
Shorted this at $1561.5 with stops placed above $1565 (35 PIP)
Gold has not show much bullish momentum since the failed break above $1600/oz. This is a short term sell opportunity.
Gold has approached psychological resistance zone at $1560/oz. Buyers taking profit from long positions.
Shorted this at $1561.5 with stops placed above $1565 (35 PIP)
Gold has not show much bullish momentum since the failed break above $1600/oz. This is a short term sell opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.