AlzyM

XAUUSD Daily Double Top, Weekly Shooting Star.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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
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.

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