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Gold Spot / U.S. Dollar
Short

XAUUSD short.

By Wowmuhcharts
Updated
Bearish divergence on the Stoch. Doesn't look like enough buying power to get above 1300. Should see a re-test of previous resistance/supports (red lines).
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First target reached -
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snapshot touched the dotted line (2 month uptrend support) and bounced. Took some of my profits out and moved my stop loss to 1289.
Trade closed: target reached
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Bounced from the dotted line, moving back up now. Will wait for re-test of 1286.8 and go long if bounce.
Trade closed: target reached
snapshot didn't get the retrace. Hit the resistance again. Will see if we can close above the resistance.

USD is very weak hence why XAU pumped. We can't complain though ;)
Chart PatternsGoldgoldtradingTechnical IndicatorsTrend AnalysisXAUXAUUSDxauusdshort
Wowmuhcharts
Big ooft

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