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ChilhoodTraders

XAUUSD 4HTF - Short Sell Strong Buy

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ChilhoodTraders  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Head and Shoulders goldtrading goldlong goldtradingstrategy KING longsetup shortsetup goldprediction goldlongsetup
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supportandresistance headandshoulders goldtrading goldlong goldtradingstrategy king longsetup shortsetup goldprediction goldlongsetup
PATTERN FORMATION

XAUUSD is making Inverse Head & Shoulder Pattern on 4H Timeframe.
Gold should drop to 1831 level and make a wick at 1825 in order to make Right Shoulder, And will bounce back to 1848 area to complete its pattern.

REJECTION

Rejection at 1848

RESISTANCE

Resistance at 1848

SUPPORT

Weak Support at 1837
Strong Support at 1831

TRADE SETUP

  • Selling below 1825 (if pattern doesn't form)
  • Buying Trend above 1848 (if pattern doesn't form)

    TP1 200MA
    TP2 Resistance at 1890

NOTE:
Take Trade on CONFIRMATIONS
Manage Risk accordingly
DYOR
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