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.