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Gold H&S Short - 50 Pips / 2.7 RR

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
fvmiyeh  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Candlestick Analysis Support and Resistance Multiple Time Frame Analysis Gold XAUUSD xauusdshort
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candlestick supportandresistance mtfa gold xauusd xauusdshort
Price has approached resistance exhibiting a slight rejection before making a bearish move away and re-consolidation.
The two consolidations either side of apex is reminiscent of a head-and-shoulders pattern.
A short into old support yields ~50 pips and ~2.7 RR.
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