Pretty simple chart explanation, GOLD
has reached another major resistance area
on the higher time frames such as the daily and weekly. Price is now becoming exhausted creating a double top
on the 1 HR
time frame. I will be waiting for price to break out of the triangle pattern
and to retest before entering. I have one TP set for this pair for now as shown on the chart.
Once again, id like to gauge your opinions on my analysis so any feedback is welcome.