S_BCapital

xauusd longer term short idea

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
xauusd

Short opportunity - Break from previous high to form a short position. 5 point SL 300 + points TP

CPI data released proving interest rates to begin to drop. Gold will become less valuable and in turn reduce in price. Longer term aim.


Attempted breakout from previous LL to create a HH and Head and Shoulders forming.

Good Luck

SBCAPITAL
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