GOLD - XAUUSD - Short - AB = CD retracement - Second leg entry

Hello all - DuncanForex here with another trade idea

I am looking for GOLD to head lower on a second leg movement down following the engulfing bearish candle printed yesterday

It will head back to 1375 areas slowly - retest what is now support and then head higher up to 1800 over the next year.

I will be trading Gold heavily over the coming months based on this view.


The website is now live


Thanks for looking at my trade idea

Duncan

Trade active:

- trade live on 30 min chart

Trade active:

second trade activated and stopped out - re-entered on 4 hour last night @ 1521 short