XAUUSD 1H - Short idea!

٢٩ يوليو ٢٠٢١

Our plan for yesterday didn't quiet work out as we were stopped out on the short we published for FOMC. We're looking again for a one more shot at the short, its very bullish and we've broken above the 1820 level but we can see some resistance above that may prove to be strong.

As we said, this is our last shot at the short trade as breaking and holding above this level will mean more bullish movement for Gold in the coming sessions. We're not looking for a big capture, possibly down towards the 1810-1805 levels.

We've had a good month at KOG in July so our risk is very small and the stop is tight.

As always, trade safe.

KOG