Swing: Turning point for XAUUSD (23/04/19)

Gold is looking bearish with the current structure of lower high and lower low formed. At the time of writing, price is currently supported by the EMA 200 which was tested 4 times prior to today's candle. We are more incline to take on a short trade in this instance despite the fact that in the higher time-frame (weekly), the trend is still pointing up. Kindly note that this is still consider a counter-trend trade so best to take your profit off the table should there be any signs of reversal shown on the chart.

Trade Set-up:

EP: 1291.80
SL: 1313.00
TP: 1256.40

Best Regards,
Nour Capital - Tracking Smart Money Flow

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تم فتح الصفقة:

Trade has been triggered.