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! ;)
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Price could do something like this as well
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potential H&S Pattern also
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price is at the potential reversal area (supply zone).
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watching for a break of support for shorts down to 1308
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break of support, now retest & continuation lower is likely
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retest of broken support now acting as resistance
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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.
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I'm still shorting it with a fraction position. We will see how low it will go.
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Great
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@happym, thanks!
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