9 Feb 2015

SHORTING THE BEAR FLAG ON GOLD


















XAU/USD 30M

Last friday gold experienced a sharp drop after good US employement data and on quiet monday trading has drifted back higher forming a bear flag.

I went short on the downside break at 1,238 with a stop at 1,245 and target 1,230 and 1,200

I am risking 0.50% on this.

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