Black Friday saleUp to 70% OFF
Gold Spot / U.S. Dollar
Short

XAUUSD descending channel and H&S formation

By XRPhoenix
Updated
Potential long-term H&S formation. Price is getting rejected at the trend line. On the 1H time-frame fib 78,6% has been touched perfectly. I have entered short, tight SL 1621 or for any potential wickfishing up to 1638 just in case as it doesn't affect much the RR is still nice 18.1 with TP-1 around 1424.

NB! This is no trading advice, do your own analysis!
Trade active
Trade closed: stop reached
1300Descending ChanneldroppingGoldHead and Shoulderslong-termSupport and ResistanceTrend Lines
XRPhoenix
Also on:

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.