AS I mentioned before I would be looking to re-enter 
XAUUSD short near the 1330 level. Price pushed through this level aggressively. After a rejection at the YTD high, it has broken that level and is currently retesting again. I have re-entered with a tight stop of 30 pips and will move it to break even at 1327. There looks to be a trendline break and re-test. I'm anticipating a quick sharp correction.
XAUUSD short near the 1330 level. Price pushed through this level aggressively. After a rejection at the YTD high, it has broken that level and is currently retesting again. I have re-entered with a tight stop of 30 pips and will move it to break even at 1327. There looks to be a trendline break and re-test. I'm anticipating a quick sharp correction.Trade active
Partial profit booked at 35 pips, stop loss moved to +5 pips, letting it run.Trade closed: stop reached
The profit stop was hit at 5 pips. I will be looking for signs of it weakening to re-enter.
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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.