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GOLD (XAUUSD) Great Opportunity To Short!
Gold Spot / U.S. Dollar
Short
GOLD (XAUUSD) Great Opportunity To Short!
By VasilyTrader
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Apr 29, 2020
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Apr 29, 2020
hey guys,
I keep holding my short trade on gold but I know that many of you have missed the opportunity or were hesitant to enter.
here goes a very nice breakout based setup:
the market has broken below 1712 structure support and has surely traded below that for two days.
now the market is retesting a broken level forming a tiny h&s formation.
1703 is a neckline.
wait for 1H candle to close below that and short on pullback aiming at 1692 (recent low) and 1680.
good luck!
Chart Patterns
Commodities
futures
Gold
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Metals
Technical Analysis
Trend Analysis
DJ FXCM Index
Wave Analysis
XAUUSD
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