XAUUSD : Waiting to open a short position around 1485-1490

2019-12-21 19:19:20

Gold is in downtrend in daily timeframe . However onl weekly charts it's preparing a bullish set-up.

Gold is having strong resistance around 1485-1490

Opening a short around 1485
( After crossing above 1485-1490 and open a short when returning back with a minor swing high on lower time frame )

Entry 1485
Stop-loss Above 1502
Targt 1410

Risk/Reward 5:1

"The Eagle Don't Catch Flies"