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GOLD (XAUUSD) Preparing to Short. Full Trading Plan: (Trading Plan)



hey traders,


as it has been discussed earlier, ⚠️gold has reached a strong resistance area .

we see a perfect match between a horizontal daily structure and a major falling trend line .


identified daily resistance cluster matches with a resistance line of a rising parallel channel on 4H.


on hourly time frame, the price is forming a head and shoulders pattern.

1915.5 is its neckline.

I want to see 1H candle close below that to initiate short.


goals:

1906.9

1901.0


in case of a new higher high higher close above the head level on hourly, setup will be invalid.

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