IS GOLD OVERBOUGHT WITHIN ITS BULLISH TREND?
HAPPY SUNDAY TRADERS!
We are in the last week of the month and looking for some strong closes at the Monthly highs or lows across the markets.
For Gold, we see that all MA' s point to the upside, however we can see a double top in formation, break in Daily Structure April 16th, 2020 and now a retest of a resistance zone.
Our view is a short term sell to the downside and then bullish continuation to the upside to close out the month.
The Trading Regime Inc.
XAUUSD
We are in the last week of the month and looking for some strong closes at the Monthly highs or lows across the markets.
For Gold, we see that all MA' s point to the upside, however we can see a double top in formation, break in Daily Structure April 16th, 2020 and now a retest of a resistance zone.
Our view is a short term sell to the downside and then bullish continuation to the upside to close out the month.
The Trading Regime Inc.
XAUUSD