NasBaz

Head & Shoulder ≠ SELL. We still need to wait

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Everyone seems to be selling because of the head & shoulders on the 4hr and under time frames. Remember TOP DOWN ANALYSIS IS KEY. The daily is showing a whole different story, so im going to wait till price reaches the highlighted positions and see how it reacts before making a decision. for now take a step back, gold caught out a lot of people out. also, bear in mind fundamentals as they can cause suddeb movements AND its christmas so markets wont be too active.

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