"XAUUSD H&S Formation" by trader Andrey.Ustinov — published August 31, 2015

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Short

Gold Spot / U.S. Dollar (FX:XAUUSD)

FX:XAUUSD Gold Spot / U.S. Dollar

XAUUSD xauusdshort Gold goldtrading

xauusd xauusdshort gold goldtrading

So we now forming right shoulder, if formation confirmed by breaking neckline we would clear the way to 1060 to make lower low

Setting up nicely

If close today hanging man, downrally can start from tomorrow

Andrey.Ustinov

Looks like a cup with handle.

Yahia.Awes

Position open only after neckline break, cause 1109 - 1117 divergence still in play

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