FX:XAUUSD   Gold Spot / U.S. Dollar
Potential setup lining up here, previous support now turned into new resistance, & 1325 is also a strong daily level.. Will look for a break of the 38.2 fibonacci level or a reversal candle for potential shorts down to 1300 where I feel price could potentially cause a reversal.
Comment: Head on shoulders pattern neckline is broken, beautiful setup here just waiting for some more small confirmation
Comment: still holding my gold short position
what is your stop loss?
eazywayout JayyaOnsomkrit
@JayyaOnsomkrit, 1329.50 but a good spot for your stop could be above the 61.8 fib just incase price tests that descending trendline again
JayyaOnsomkrit eazywayout
@eazywayout, many thanks :D
+1 Reply
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