(GOLD) XAUUSD Short Opportunity

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Hi everyone,

Hope all is well. Today I'm looking at a possible short setup on Gold (XAUUSD). Its a very simple analysis as it's based off the Daily descending trend line and a 61.8% fibo level. Expecting this to show some kind of reversal from this area. Major monthly resistance is also just above this. Short side targets remain around 1300 to 1280.
액티브 트레이드
Just a small update, we are now risk free on this trade with stops at break even. Allowing the market to do what it wants now.
Be aware of PPI later today.
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Trend Analysis

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