I´ve been watching gold since it has been ranging till it reached 1205.
I see there has been a break and retest of the down trendline (yellow circle)
Weekly candles look very well bullish and the 1200 support area wasnpt broken.
I see gold reaching Its last high of 1280 and if we break it we can see the same advane as the range it was stucked in, which is close to $80 dollars. If break to the upside with the range advance, I expect the weekly downtrenline to be tested (Larger yellow circle)
Trade safe traders, Regards! ;)
Trade active
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SL at +100 pips.
Trade safe traders, regards! ;)
Trade closed: stop reached
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Price reached my SL at +100 pips.
I see weekly price action forming a head and shoulders pattern and also we have a clear break of the trendline, this is a clear short.