OANDA:XAUUSD   Gold Spot / U.S. Dollar
Today I caught about 170 pips on the massive gold drop after completing the head and shoulders pattern. However, i am trading the break and retest again here. Simply wait for price to retest the previous floor (now a ceiling) and look for price action confirmation following this retest. If this setup plays out as I expect, im going to be keeping my tp open and riding this down, trailing my stop along the way. This is overall a pretty simple setup, lets see how it plays out.
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