xAB777

XAUUSD SCENARIO FOR MONDAY (150 PIPS)

Short
EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
Hello traders so gold was ranging all day on friday and formed a ugly head and shoulder figure with rsi divergence indicating a bearish breakout .

indeed before the market close the price managed to break structure and the demand zone for monday am expecting maybe a correction and a retest towards that level before a bearish continuation if the price give us a lower high in the area with a good rejection i will enter a short trade for a 2 RR
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