tRex88
Short

GOLD Right-Angled and Descending Broadening Formation

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold             has formed a Right-Angled and Descending Broadening Formation on hourly chart.

Short at CMP ($1336.5)
Target: $1325
SL: $1340.1

WE WILL LOOK FORWARD TO GO LONG ON THE 3rd TOUCH AT THE BOTTOM OF THE PATTERN.
Keep watching the space
Comment: If SL is hit for the short position we will reverse our position with a target of $1350
Trade closed: target reached: SL hit for short position and reversed our position with a target of $1350.
Target hit
Comment: Currently observing a megaphone pattern

snapshot
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