D2RoLLN

Gold Possible Adam and Eve Double Top pattern

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Peace Traders happy 2024! Hope 2023 was good! Gold has been off to great volatility to start off the year! Jan continued to sell off from Dec's ATH spike to 214x's. Momentum carried from war, feds rate hikes/cuts with $, and we cant forget precious metal sales globally esp india and china during holidays . Cut to the chase been taking primarily sells this month with occasuional buy opportunities. Could we see Gold printing a Adam and Eve double top? we are currently in a couple channels/wedge subjective depending on TF, But we had a Beautiful possible "adamn" spike to 214x's , Neckline created at 197x's , nice retracement round off "Eve" 208x's zone . 20-50 day ema have crossed but know indicators can be laggy but another confluence. We've been making LL's and Lh's since Dec 28th 2023 until present day jan 19/2024. althought on higher time frame and zooming out we can see an uptrend, we zoom out more gold been sideways since 2020 lol even more steady upcline since 1970's hahaha so all subjective 1 day and week at a time for intraday/swing traders or even scalpers. The shiny metal is currently in a nice zone to possible retest of 205x's heavy R, or LL may continue to retest 2010-197x's, idea entry for this pattern is a neckline break 197x's but im going for just a nice RR short swing entry now 203x's up to 205x's SL 208x's target 197x's-193x's and possibly 189x's to lower trend line, we know gold can make massive pullback before it trickles up, patience is key along side playing chess with markets and emotions , keep in mind this is just a swing idea to start 2024, risk management is key and happy trading! But one of me fav pattern if it plays! we shall see. Have a good 1 folks!
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