How to Trade Gold, Going Into the Weekend [XAU/USD]

Like I explained in my previous ideas, I am still bearish on gold.

First we had seen a bearish double top here on gold, but now we get a sudden retracement back up just before the weekend is coming.

I keep my bearish bias, but could see a temporary increase in price here to form something like a right should of a H&S pattern.

If you weren't shorting gold already, this could be a good moment to wait for a slightly higher price and enter the short again for a good risk reward on your trade.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


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