A bearish double top pattern has been seen to be formed at the top level of the ascending wedge channel. Now, gold appears to be consolidating in a range.
An hourly close below the support line @ 1710 would bring us to a SHORT OPPORTUNITY to TP1 @ 1695 and TP2 @ 1685
Remember to place stop loss orders, and FEEL FREE TO LIKE AND FOLOW IF YOU LIKE WHAT YOU SEE HERE! = ))
Regards,
Gol D Roger
An hourly close below the support line @ 1710 would bring us to a SHORT OPPORTUNITY to TP1 @ 1695 and TP2 @ 1685
Remember to place stop loss orders, and FEEL FREE TO LIKE AND FOLOW IF YOU LIKE WHAT YOU SEE HERE! = ))
Regards,
Gol D Roger
Trade closed: target reached:
Taking profit at 1700 instead as I like to be safe and lock in realized profits during this time of volatility :)
Anywho 1700 is a strong support to break.
Anywho 1700 is a strong support to break.
Comment:
I meant to say taken profit at 1702* instead, as we are nearing the strong support 1700