OceanBlue
Short

GOLD bearish short-term idea (H1/H4)

FX:XAUUSD   Gold Spot / U.S. Dollar
Hello All!

Gold             tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
snapshot


If yellow wave is successful, it'll finalize the creation of major purple project.

Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
Trade active: TP1 reached successfully,half of positions closed, for remaining shorts SL moved to breakeven:
snapshot
Trade closed manually: Remaining positions were closed manually as the price kept going up, the last one was kept until SL at breakeven was hit.
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