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Gold (XAUUSD)
Short

GOLD - SHORT

By mmackk
Updated
The price seems that it stops making new HHs and shows that it's creating a LH. The rejection candles show that the bullish momentum comes to an end. If we brake the trend line we have another sign that the price is most likely to drop. TP marked with RR 1:3
Trade active
At this point the trade is ITM with 1:1.5 RR

You can take some partials now and leave the remaining run.

Congrats to those who followed!
Note
News made the price volatile.

If you have some of your trade still running consider closing it and keep the profits. We will let the price calm and see our next position.

By the time of this comment we are ITM at 1:1,5 RR this was a profitable trade
Order cancelled
Trade closed: target reached
Chart PatternsGoldTrend AnalysisWave Analysisxauusdshort
mmackk

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