XAU/USD GOLD Sell - 10/14/19
Updated
Gold these past weeks, on the 4hr time frame we seen a head & shoulders form giving us confirmation as reversal. As gold gives us some movement towards the upside as a retrace also forming a " M " shape pattern on 1hr time frame also seen in light blue in the chart. could see gold potentially drop once more, using proper risk management My entry are in orange, stop loss in red.
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Note
UPDATE: We still need to see gold create a LL meaning we still are waiting for a bearish candle on the daily time frame. Monday 10/21 we will probably see gold touch 1504. before we head downtown breaking our LL to confirm market structure ! took profits on the trade idea above but we are still selling ! happy trading :)
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