On the daily chart: Gold has formed a double top pattern and could possibly form a head and shoulders pattern.
On the weekly chart: Gold has a shooting star. Indicating trend reversal. This week has tested the resistance level and followed through with the trend reversal.
We should be seeing a break of 1500 and 1490.
TP 1: 1500
TP 2: 1490
TP 3: 1480
On the weekly chart: Gold has a shooting star. Indicating trend reversal. This week has tested the resistance level and followed through with the trend reversal.
We should be seeing a break of 1500 and 1490.
TP 1: 1500
TP 2: 1490
TP 3: 1480
Comment:
TP 1 hit.
Comment:
TP 2 hit.
Comment:
If you haven’t closed the trades at the TP’s above it might be a good idea to close trades now in profit OR move SL into profit.