justatrader

Gold - Bulls should reconsider longs

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
0
Daily charts show a H&S continuation pattern of sorts. Current higher close of Gold is what I see only a retracement for Gold to make a new lower low. Notice how price broke the neck line and now going back to retest this. Trade offers at 1:3 RR.
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.