Trade of The Week | Price Action Trading on Gold (XAUUSD) 🔥🔥🔥

Short

Or / Dollar Américain (OANDA:XAUUSD)

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OANDA:XAUUSD Or / Dollar Américain

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Hey traders,

As you remember, last week we spotted a bearish breakout of a bearish flag pattern on 12 hours time frame.
This week we were looking for a retest of its broken support to short the market.

GOLD (XAUUSD): Bearish Scenario For Next Week Explained 🥇

When the price approached a broken support, I started to look for confirmation on lower time frames.
My confirmation was a double top formation on 1H time frame.
I shorted the market after a neckline breakout on a retest.

My first goal was 1762 key daily support.

Great winner!!!

Did you catch this move?

❤️Please, support this idea with like and comment!❤️

Commentaire:

Check my new idea on CHFJPY:

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