Short Gold: Head and shoulder + retesting resistance
Pattern trades are:
0. Head and shoulders, marked by yellow rectangles
1. shorted at C(1370) where the .618 pullback is, BC=0.618AB
2. Covered on the 1.618 extension of AB on D, more precisely 1.618A'B=A'D
3. Retesting neckline area, a good short entry again around 1360 to 1362
0. Head and shoulders, marked by yellow rectangles
1. shorted at C(1370) where the .618 pullback is, BC=0.618AB
2. Covered on the 1.618 extension of AB on D, more precisely 1.618A'B=A'D
3. Retesting neckline area, a good short entry again around 1360 to 1362
Trade closed: target reached:
closed at 1340
