YProsper
Short

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?
Reply
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
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