OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price tests 50% zone on Fibonacci numerous times on the 1D.

EVE-EVE double top on the 4H chart:

To understand what I mean by "Eve/Eve", highly recommend to check out the book: 'Encyclopedia of Chart Patterns; Second Edition by Thomas N. Bulkowski- it has around 850 pages.

Happy Trading!
Trade active: 100+ pips in profit, SL- 20 pips in profit.
Trade active: 200 pips in profit, SL increased to 100 pips in profit.
Trade closed manually: @ 280 pips
Comment: (Journal) Good trade overall.

Comments

Nice view friend. I think we will see one more move up first.
+1 Reply
Jaxpx DaweFXHunter
@DaweFXHunter, Thank you for your comment. Yes, I agree, there is definitely potential for another move higher, but for the time being it looks like there is a lot of sell pressure keeping price restricted in that 50% area.
Reply
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