FX:XAUUSD   Gold Spot / U.S. Dollar
Back at the channel bottom / daily support. Watching for a break or bounce, let price action be the catalyst & trade what you see not what you think! ;)
Comment: Price could do something like this as well
Comment: potential H&S Pattern also
Comment: price is at the potential reversal area (supply zone).
Comment: watching for a break of support for shorts down to 1308
Comment: break of support, now retest & continuation lower is likely
Comment: retest of broken support now acting as resistance
Comment: if you have traded this pair along side of me you should be up almost 400 pips since the first call I made at 1345! : )
Comment: 300*
Trade closed: target reached: 1307 hit!
Yeah nice short trade. I'm looking for one more move to around 1300 then we go to 1400.
I'm still shorting it with a fraction position. We will see how low it will go.
+1 Reply
@happym, thanks!
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