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HOOPFOOD

Broadening Wedge Test, Buy on bounce up, Short on break down

Gold Spot / U.S. Dollar (FX:XAUUSD)  
HOOPFOOD Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD
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trendanalysis harmonicpatterns chartpattern xauusd
Here's one for you bulls and bears.. Take note of the wedges count and the fact that we broke out of the wedge in the first place. I'm a long term bull but I have to admit, I'm planning to short on price falling back out of the wedge. Just small position if at all.
Comment:
shorting it is.
Comment:
staying, use trial stop or 20ma on your selected time frame to exit
Comment:
staying short*
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