XAUUSD Short

Here we can see that gold was in a range for two days after that big drop in monday. So now we can have a nice setup here where we can go short in gold with 50pips sl and 230pips tp, where we can provide a nice 1:5 Risk/reward ration. Let's how price will react.

Entry 1874.50
Stop loss 1879.45
Take Profit 1850.50