GOLD, XAUUSD Shorting opportunity Momentum Trade
GOLD has had a very bullish action with the held of the uncertainty of the Financial Markets in the recent weeks.
But the Price action suggests that this Bull run is about to come to an end with a nice head and shoulder pattern forming.
If the Price breaks through 1410 levels, we can expect the price to pull back at least 50% correction of the recent move up, towards 1365 levels.
These momentum trades you have to only look for a smaller moves as you will be trading against the long term UP trend.
Happy Trading!!!!
But the Price action suggests that this Bull run is about to come to an end with a nice head and shoulder pattern forming.
If the Price breaks through 1410 levels, we can expect the price to pull back at least 50% correction of the recent move up, towards 1365 levels.
These momentum trades you have to only look for a smaller moves as you will be trading against the long term UP trend.
Happy Trading!!!!
