jan80hansen

Out of steam again?

Short
jan80hansen Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Im currently short with an entry on friday @ 1356 with stop above prive rejection in 4 hour chart 1363
I think price would move higher above 1363 would lead higher but judging from thursday to friday price movement suggests further profit taking.
Trade active:
Price being sqeezed down but could expect a bullish returt arround 1340 and might spike back to the 50's. Target is 1315 at the moment should be reaching there before nfp friday. If Im wrong and see a move above 1360 I will look for a bullish entry
Trade active:
I think if this pullback is strong enough it might go back to 1346-1348. good place to reenter. SL above 1352

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