Trade of The Week | Price Action Trading on Gold (XAUUSD) 🔥🔥🔥
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.
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.
Did you catch this move?