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Gold Spot / U.S. Dollar
Short

XAUUSD Short

By GeorgieMort
Updated
A cotinuation from yesterdays bearish movement of which could not break the 1470 major support level. This has then started to create a Head & Shoulders continuation pattern. I will be keeping an eye on this as entering from here (and not the neckline) would be quite aggressive.

Trade active
Still short on this trade. Price seems to be respecting the 50EMA on the 1HR timeframe.
Trade active
Entered trade at 1504.11.

Moved SL to 1500.00, currently running at 1484.84 at time of post.
Bearish PatternscontinuationdollarGoldshortTrend AnalysisXAUUSD
GeorgieMort
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