OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Gold meet 2 choices.
1. If close lower than 1288-1280 zone It will form H&S pattern and We will follow Short sell and close All Long.
2. Buy Gold if It still more than 1288
In this time I bet Buy side.
I will buy 1292.9 and Set buy limit in Green zone .
TP check in Charts.
Invalid Long setup in Charts too.
Comment: Buy more at 1290.49
Comment: Now Gold back to Important zone for choose side
I set alarm in Trendline if it drop may be hedge sell and Sell more to cover Loss form Long .
I think If it drop will drop to 1240 and back to 1360 too
so please plan your account for worst case too.
Please see image below for Possible way of Gold
Comment:
Comment: If sell in short term please look again in 1280-1282 Zone if can pass we will Sell more
If not Gold may rebounce from Double bottom
Comment:
Gold drop to 1282 zone and rebounce wait to see Gold close price again
If it can hold more than 1290 , It will shown good sign to Long position.
Trade closed: stop reached: Gold break invalid sign for Long
We recommend to follow Sell till 1250-1258
and may bay back
Comment: Sell Target
@theoris Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
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