XAUUSD short Idea: Gold scalp to swing trade opportunity
Updated
Gold looks to have been rejected from two Impulse zones now.
"Impulse"=first push in a given direction that results in "Ripples".
Also, the Trump/Mueller news has reduced some un-certainty.
1304/05 will be first target and should be quite achievable.
1301/02 will be second target and should also be do-able.
Break below 1300 would then open up remaining targets.
Stock markets in Asia did not start well so that is opposite sentiment we want.
But I think US stock markets will bounce on Monday, and rest will follow.
Also, Yen is showing weakness which should indicate Gold weakness to come.
"Impulse"=first push in a given direction that results in "Ripples".
Also, the Trump/Mueller news has reduced some un-certainty.
1304/05 will be first target and should be quite achievable.
1301/02 will be second target and should also be do-able.
Break below 1300 would then open up remaining targets.
Stock markets in Asia did not start well so that is opposite sentiment we want.
But I think US stock markets will bounce on Monday, and rest will follow.
Also, Yen is showing weakness which should indicate Gold weakness to come.
Note
Boom. closed 75% of short position here .
Trade closed: target reached
Closed the rest of my shorts here .
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