We see gold is in a down trend since few months.
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling gold with 3 TP targets.
Let's see
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling gold with 3 TP targets.
Let's see
Trade active:
Big gap at market opening
Comment:
First target hit
Comment:
Second target hit
Trade closed: target reached:
3rd and last target hit. Made nice profit