OANDA:XAUUSD   Gold Spot / U.S. Dollar
Short at top of channel 1252
Stop above previous spike high
Take profit 1: middle descending line
Take profit 2: lower descending line
Trade active:
Detail from one minute chart when upward trajectory ran out of energy
Comment: Head and shoulders formation complete. Move stop loss to entry

Trade closed: stop reached: Stopped out at entry for 0 profit
Comment:

I went short again at original price. Now very bearish action prior to London Open.
Target is 1215. Based on prior spike low.
From there we may retrace back to 1300 before continuing much lower
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