XAU/USD: H&S breakout - Huge Potential Waiting

Daily Chart:

On Daily, Gold has beautifully breakout the neckline of Head and Shoulder pattern.

Waiting some retest, or maybe just little reverse, then Sell gold for huge profit

SL is when Daily candle bar close above the neckline.

Comment:

Now I have 3 positions at 1277.31, 1276.58, 1276.31. Now price is 1275.32, and I move SL of all my positions to Break even.

Now just sit back and get hair cut and waiting =))). If these survive, they will make huge and huge profit.

Comment:

All my positions died. It's normal. Now I will wait to see if I have another chance to enter.

Trade active:

I see this signal on h4 timeframe, so I again decide to enter the market, with 3 positions at 1279.30; 1278.2 and 1277.86.

With the lesson above, I will not get my positions back to Break even until I feel all my positions can be survice if there has some retracement.

Hope this will help you guys trade safe and sound.

Comment:

I close all the positions now at 1372.

Trend seems about to change, so I will look carefully before decide any Long positions.