Tradersasi23

Profit booking started as expected

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price into cup and handle (Monthly TF) method as discussed earlier. Breaks the cup high without forming the handle is unusual. Currently price into channel and breaks 2 patterns within the channel. Finally channel was broken yesterday and what we can expect is a profit booking and it happened.
Trade closed manually: As expected profit booking done by the big players. . . avoid trading this until it settles