Gold is having a good buying strength at the moment whilst dollar is preparing for another jump. I'm setting up to short XAUUSD at 1792.62 level which is near the last Friday's high but lower so to maintain within the trendline. SL can be set even lower at 1790.65 because if it reaches 1789 I would have already considered my setup as a potential fail. Gold can go lower this week if dollar shows extreme strength after NFP report but that's a few days later finger crossed.
Note: trail it and never aim to nail it :D You never knows what will happen to the previous gold. :)
Note: trail it and never aim to nail it :D You never knows what will happen to the previous gold. :)
