JeffCarmon

Head and Shoulder setup for gold sell down

Short
JeffCarmon Updated   
SAXO:XAUUSD   Gold Spot / U.S. Dollar
Buy up gold for about 80-90pips and the close buy position. Once price reaches the neckline you would open a sell position to cash out around 250-300pips from sell setup on head and shoulder pattern.


Order cancelled:
market failed to give retrace for sell down entry from neckline before reaching the target pip count

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.