OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price broke the downtrend and now is retesting the broken trend-line. With price rejection to confirm the SELL setup. This is also forming a head and shoulder. Stop loss above 0.618 level in case price move up to test it before melting down.

First take profit will be at 1549.809 level

Plan Your Trade Trade Your Plan.

Happy Trading!

Trade What You See, Not What You Think.

Don't forget to Like, Follow and Comment Below.

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.