Short to area 2045
Updated
Normally I would say in a head and shoulders pattern that it might be worth waiting for a liquidity trap in the right shoulder area and then shorting, but it seems that in gold the right shoulder is usually lower and it starts to move.
The solid trend lines - the outer limits of the daily price movement.
The dashed trend lines - internal trend lines that all center to strong resistance in the "head" area.
If it repeats its action patterns - I expect a strong and stable movement to the 2044 area, and even below that, but the main thing is to *catch the strong initial movement* (if it happens).
The solid trend lines - the outer limits of the daily price movement.
The dashed trend lines - internal trend lines that all center to strong resistance in the "head" area.
If it repeats its action patterns - I expect a strong and stable movement to the 2044 area, and even below that, but the main thing is to *catch the strong initial movement* (if it happens).
Trade active
short at 2059Trade closed: target reached
Thank God .. that was fast..
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