AlkalineFX

XAUUSD: Breakout Trap 🐻

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Everybody is anticipating the breakout of this head and shoulders pattern.

But with everyone anticipating the same things we could run into some stop hunt traps.

I think we will get a breakout trap followed by a retracement into the main supply before downside continuation BUT anything can happen with these uncertain market conditions.

Good luck traders! 🔥


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