danresdidualfx

Trade setup: XAU/USD analysis

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
price is currently trading at the highs of $1340, an obvious head and shoulder reversal pattern has been formed, and candlestick is forming a potential C pattern at the key barrier before possibly rallying towards targeted zones of $1320 and then lower towards our D extension price region.

- Risk reward is great, as usual, is 1:3

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