Gold - Short Term Setup

Updated
Gold is already showing bearish divergences on higher timeframes. However, it is still bullish on 1 hour chart.

Double top formation is possible. We can then buy from around 1570-1573 and target 1590 and 1605. From there, we can start looking for sell opportunities for a bear run. SL for this short term setup is 1562.

Entry, TP and SL as shown in the chart.
Risk management applies.

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Chart PatternsGoldTechnical IndicatorsTrend AnalysisXAUUSDxauusdlong

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