GOLD (XAUUSD) Great Opportunity To Short!

29 באפר׳ 2020

hey guys,

I keep holding my short trade on gold but I know that many of you have missed the opportunity or were hesitant to enter.

here goes a very nice breakout based setup:
the market has broken below 1712 structure support and has surely traded below that for two days.

now the market is retesting a broken level forming a tiny h&s formation.

1703 is a neckline.
wait for 1H candle to close below that and short on pullback aiming at 1692 (recent low) and 1680.

good luck!