Gold Spot / U.S. Dollar

Bearish XAUUSD

Updated

Hey everyone. We have a potential head and shoulders setup. I expect our neckline to be tested by early next week. Only then can we look for our right shoulder to be in progress. Great opportunity for buyers to go long at our neckline(price level 1218.90) and take profits @1241.50 with a stops @1213.62. For the sellers, there goes our waiting setup. Patiently waiting to short

Note

Right shoulder in progress soon

Note

setup broken. Cancel order

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