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drewbpims

Possible XAUUSD Set Up

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
drewbpims Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wedge Gold Forex xauusdshort XAUUSD caution possibility possible
4
2
trendanalysis chartpattern wedgepattern gold forex xauusdshort xauusd caution possibility possible
A break of this rising-wedge to the downside would activate shorts. If we don't get a break to the downside shorts would not be active.
Order cancelled:
Broke to upside
Trade active:
Adjusted wedge with break to downside now shorts are active
Trade closed manually
Comment:
Trade was closed manually due to the equities markets hitting new all time high and closing in all time resistance. Incase the SP500 would experience a draw down at this resistance the price of gold would increase as the USD decreases. For that reason the trade was closed manually.
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