Gold has been the safe haven for investors since before time. Its performance this week was certainly reference that idea exactly. The rally to the Yearly highs certainly was quite the performance.
Now we are coming within mist of a trading opportunity. Considering the tension between Korea Japan And the US. Other CFD's and future shares that influence XAUUSD has seen adverse effects.
The trading Idea starts from the Yearly highs. And the strength behind this level of 1295.00. Considering this aggression, to be passive and eventually fade. We can anticipate a reversal from this Yearly High. Doesn't mean it will happen. But its a good probability.
Short
SellLimit- 1294.70
TP 1278.74
SL- 1299.00
Now we are coming within mist of a trading opportunity. Considering the tension between Korea Japan And the US. Other CFD's and future shares that influence XAUUSD has seen adverse effects.
The trading Idea starts from the Yearly highs. And the strength behind this level of 1295.00. Considering this aggression, to be passive and eventually fade. We can anticipate a reversal from this Yearly High. Doesn't mean it will happen. But its a good probability.
Short
SellLimit- 1294.70
TP 1278.74
SL- 1299.00