XAUUSD Short

A cotinuation from yesterdays bearish movement of which could not break the 1470 major support level. This has then started to create a Head & Shoulders continuation pattern. I will be keeping an eye on this as entering from here (and not the neckline) would be quite aggressive.

Trade ist aktiv:

Still short on this trade. Price seems to be respecting the 50EMA on the 1HR timeframe.

Trade ist aktiv:

Entered trade at 1504.11.

Moved SL to 1500.00, currently running at 1484.84 at time of post.