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dlbsanborn

Gold 4hr inverse head and shoulders

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
dlbsanborn Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Head and Shoulders
5
6
trendanalysis chartpattern headandshoulders
Coming off some higher timeframe structure, Price seems to be losing momentum to the downside. I've been watching this opportunity for a while. See previous posts regarding Gold and looking for an opportunity to go long. Watch the comments for updates.
Trade active:
Long entry at 1273.50
Comment:
second entry at 1275.50
Comment:
1273.50 was trail stopped out at 1R and the 1275.50 entry was taken off at 1278. I just entered long again at 1274.

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dlbsanborn
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