OANDA:XAUUSD   Gold Spot / U.S. Dollar
So gold had drew a chart pattern called head and shoulder which is strong sell signal,often appears as "top"
Althought the H&S was bullish kind of chart,it still is H&S and now it is making "dip"
it has strong evidence behind the "dip"
1,it has touch the Fibonacci line.
2,It has touch the MA 200,which is strong and effective.often used as trend following indicator.
3,it has touched the neckline of H&S,Neckline is also a strong line.

therefore,Shoring XAUUSD makes you money.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.