hankchef
Short

Short Gold: Head and shoulder + retesting resistance

FX:XAUUSD   Gold Spot / U.S. Dollar
Pattern trades are:

0. Head and shoulders , marked by yellow rectangles
1. shorted at C(1370) where the .618 pullback is, BC=0.618AB
2. Covered on the 1.618 extension of AB on D, more precisely 1.618A'B=A'D
3. Retesting neckline area, a good short entry again around 1360 to 1362
Trade closed: target reached: closed at 1340
Nice Chart.
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hankchef Bandarsq
thank you for viewing my idea.
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