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ThinkingAntsOk

"Trade Idea" on GOLD by ThinkingAntsOk

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ThinkingAntsOk  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis Gold XAU USD XAUUSD short analysis setup Commodities Forex
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trendanalysis supportandresistance mtfa gold xau usd xauusd short analysis setup commodities forex
1H CHART EXPLANATION:

We observe that price is making a potential Head and Shoulders pattern. Anyway, at this moment it is facing the Ascending Trendline, so we will wait it to be broken to take short positions towards the neckline (support zone) and if the support zone is broken, then wait for a pullback to enter again.

4H CHART:

snapshot

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