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Gold Spot / U.S. Dollar
Short
Updated

Trade idea - XAUUSD Short

292
1H time frame

Market moving in Ascending Channel.
Bulls seem to be weak.

3rd touch of the trend line can be powerful.

Instant market execution Sell.

1.5% risk.
Note
Weekly time frame

Head & Shoulders pattern pattern can potentially play out.

Support & resistance zone is there.

snapshot
Note
Daily time frame

Bearish W pattern perfectly aligning with the Weekly zone + pattern.

snapshot

Trade active
Trade closed: stop reached
Pipjager
Chart PatternsDXYgoldshortgoldtradingstrategynoindicatorspatternsandstructuresupply_and_demandSupport and ResistancesupportandresistancezonesTrend AnalysisXAUUSD

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsDXYgoldshortgoldtradingstrategynoindicatorspatternsandstructuresupply_and_demandSupport and ResistancesupportandresistancezonesTrend AnalysisXAUUSD
Pipjager

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.