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TevinW

Swing Sell on WEEKLY for GOLD (Head & Shoulders Neckline Break)

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
TevinW Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Head and Shoulders xauusdshort XAUUSD Gold goldanalysis xauusdanalysis xauusdsell xauusdtips
3
0
trendanalysis chartpattern headandshoulders xauusdshort xauusd gold goldanalysis xauusdanalysis xauusdsell xauusdtips
Break of the neckline on the weekly chart confirms drop past the head and shoulders pattern for XAUUSD. 3 targets set for profit taking based on prior lows, with highest swing being the length of the pattern, confirmed by the lowest low of the target swing. As always, monitor price action and stay patient in case of pullbacks. Take note if price retraces back to test neckline.
Comment:
The dollar's extended gains still causing gold to drop. Looks like we're on par to hit the first target.

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TevinW
Gold Short (DAILY)
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