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Reis593

possible head and shoulders formation on gold

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Reis593  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Gold goldtrading
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trendanalysis gold goldtrading
After the rally of the USD following the minutes from the meeting on Wednesday, we have a bearish structure forming on gold resulting in a clear head and shoulders formation moving towards the 1880.00 level

This strength is the USD is extended to other USD pairs and is support by the technical analysis shown in the DXY

SL:1955.00
TP: 1880.00
R:R : 2.04 currently
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