Gold Break down important support of 1260

Gold Break down important support of 1260

and it is driven by the fundamental event:
FOMC Meeting.

With this downside breaking candle,
we can wait for a pull back to short gold
and aim to 1210 or even lower.

As My Idea for the DXY is going higher , therefore
gold will go down

Kommentera:

Kommentera:

this is a perfect pull back trade that matches my trading plan.
see? wait for price to pull back 1257-1260 area
and short.
now already win 170 pips

Kommentera:

NOW IS 1210 AFTER NFP.
Big winner!
500 pips
Simple and effective

Kommentera:

Kommentera:

Please take note 1204 has strong support.
so bears pls be ready to take profit at that level.