Gold Spot / U.S. Dollar
Short

XAUUSD: Great short opportunity

649
Hi traders,

On the 4H timeframe of gold I'm looking to enter short around the 1220 area, where we have:
  • 200% Fibonacci extension of the ABC move
  • 38.2% Fibonacci retracement of the XA move
  • Previous structure


Entry: 1220.48
Stop: 1224.57
Target: 1196.43 = R:RR 5.88

Good luck traders!

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