XAU retest of channel? VMC divergence in play

14 Des 2022

XAUUSD

Hi!

I just entered on speculative short with tight SL on GOLD so there could be very nice RR on this one.
We had nice move up to the top of the parallel channel.
Now we have on VMC on 2 hour confirmed divergency and if the price doesn't move up we will have also red dot on 4h on VMC.
Few minutes ago we had wick up to kick of the trade shorts so let's see.

I place SL at 1811 and target according to the picture.

Good luck!
M

This is not any financial advise, always check the market before entering any position and like it if you find it useful

CURRENCYCOM:GOLD
XAUUSD