GOLD (XAUUSD) Analysis Update

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Traders, Gold has been following our plan. We have been bearish on the XAUUSD because of the higher time frame bias. Last week, our long and show plans played out well. Gold went back up to test the neckline of the Head and Shoulders pattern after a fall. And right now it is kind of forming a double bottom which can push the price up a little bit. In this quick update we see all the possibilities that this market has to offer.

1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.

Take care and trade well

The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.