tonz_of_gunz

XAUUSD POSSIBLE H&S ON H1

Short
tonz_of_gunz Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold might develop a head and shoulders pattern after it broke out of h1 upward channel so i am watching this instrument closely for a sell set up around 1360 area or after neckline break, good luck and trade safe!
Comment:
Nice drop on gold!
Trade closed: target reached:
I did not catch all the move from 1360 but went short gold after neckline break. Now i am waiting for some kind of retrace so i can short this again to 1300 area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.