XAUUSD Gold potential short scenario.

FX:XAUUSD   Gold Spot / U.S. Dollar
127 2 3
Gold             idea, short scenario at potential inverse head and shoulders breakout target, in confluence with 50% fib and descending trend line resistance.

Awaiting confirmation with MA cross to upside.

Targeting lower low at 1200

Why not just buy the h&s then?
YProsper Ambipath
Good question. I don't believe the risk reward is worthwhile. If I place my stop below the head of the IHS then I will have a trade risk reward of 1
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out