ASCENDING CHANNEL PATTERN IN GOLD

Updated
I'm monitoring this pattern closely for a break of the support. once it breaks and retest the support, i will enter a sell trade and scale it down to my target.
Trade active
Price is now breaking the support . lets wait for a retest or a confirmation to enter our shorts.
Trade active
Im in a short position of 2 lot size. i will scale this down as price goes lower.
Trade active
Looks like another retest to the resistance. lets keep monitoring our trade and have stop loss in place.
Comment
i managed to book some profits with trailing stop
Trade active
That was a big stop hunt. im opening another sell trade
Trade closed: target reached
interest rate news yesterday made trading choppy with small profit
Chart PatternsGoldgoldideagoldtradingHarmonic PatternsTrend AnalysisXAUUSDxauusdshort

Disclaimer