PenguinTraders

Xauusd going on a downtrend.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Xauusd has been on the uptrend for awhile but recently it has begin showing sign of Shoulder Head Shoulder pattern.
It will start to descend once it forms the lower high for the next Shoulder.

Risk Management is Advise use small lots if not sure, But start the entry after the confirmation of a Shoulder breakout.
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