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LiamsAnalysis

Short Term SELL on Gold XAU/USD

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
LiamsAnalysis Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Harmonic Patterns Gold XAUUSD trend analysis SELL short Bearish Patterns shortterm
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trendanalysis chartpattern harmonicpatterns gold xauusd trend analysis sell short bearish shortterm
On a 5M (Scalping Timeframe)
There appears to be a Short Term Descending Trend Line on Gold, I have placed Stop losses behind this and a 1H Descending Trend Line

7:1 Risk to Reward
Comment:
I will close this position out before market closure to avoid any unexpected gaps upon opening Sunday evening.
I will re-asses the chart upon opening and potentially re open my position dependant on the price action and candle behaviours
Comment:
Stop Losses have been removed and trade placed into a hedge with a 20% additional sizing towards Long due to the market closing soon
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