XAUUSD is doing a pullback after crossing an ascending support trendline, which is an opportunity to enter a short position.
Momentum seems to be lacking on the upside, and the moving average is acting as a resistance. Profit to risk ratio is attractive.
Sell zone: 1240.0 - 1240.5
Target Price: 1234.0
Stop Loss : 1242.0
Profit/Risk Ratio: 3
Momentum seems to be lacking on the upside, and the moving average is acting as a resistance. Profit to risk ratio is attractive.
Sell zone: 1240.0 - 1240.5
Target Price: 1234.0
Stop Loss : 1242.0
Profit/Risk Ratio: 3
