Gold Spot / U.S. Dollar

Short

Updated

XAU/USD Potential short-term trade

Catalyst: Price action

I reckon XAUUSD needs a retracement at least until the US Jobless claims data release.

PS: This trade fails if it can breakout and close above 1750

Note

We will buy if it rejecting the trendline. Currently, waiting for US Jobless claims data.

snapshot

Trade active

Nice double top on H4 Time-frame
US Jobless claims 5245K

snapshot

Trade active

SO far so good!

snapshot

Trade closed: target reached

Will re-enter the trade later at better rates

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