basquefxb1

Gold H & S at the 23% Retracement Level

Short
basquefxb1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Got a nice Head and shoulder Pattern forming at the 23% fib retracement level. I'm not a big believer in patterns, but I spotted it and thought I would draw. A Fundamental catalyst would help. If China and Trump reach trade agreement we could easily see a huge drop in gold.
Comment:
Now I like it less. The Econ data really turned it around. Non-farm on Friday will be the deciding factor.

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