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HayatoDragonFX

XAUUSD, 4hr tf, potential HnS pattern

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
HayatoDragonFX  
FX:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Trend Lines Head and Shoulders XAUUSD xauusdshort xauusdsell priceaction priceactiontrading 618fibonacci Fibonacci Retracement
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supportandresistance trendline headandshoulders xauusd xauusdshort xauusdsell priceaction priceactiontrading 618fibonacci fibonacciretracement

Looks like price retesting broken ascending trend line. This is also where 61.8 fibonacci located for the recent drop of XAUUSD.

We might see price continue going down to retest 1755 area again.

There is also a possibility price making right shoulder of a HnS pattern.

Sell XAUUSD 1827
Stop loss 1855
Take profit 1755 (2.5R)

Use only 1-2% risk
Good luck
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