Hello fellow traders,
XAUUSD is bouncing off a downward trending line, the Stochastics seem to show a bearish signal while the Bollinger Bands are tightening.
This is an interesting set up for a short position, with a good profit to risk ratio.
Sell Price: 1203.0 - 1205.0
Target Price: 1182.0
Stop Loss: 1211.5
XAUUSD is bouncing off a downward trending line, the Stochastics seem to show a bearish signal while the Bollinger Bands are tightening.
This is an interesting set up for a short position, with a good profit to risk ratio.
Sell Price: 1203.0 - 1205.0
Target Price: 1182.0
Stop Loss: 1211.5