GOLD SPOT XAUUSD SHORT OPPORTUNITY
A bearish double top pattern has been seen to be formed at the top level of the ascending wedge channel. Now, gold appears to be consolidating in a range.
An hourly close below the support line @ 1710 would bring us to a SHORT OPPORTUNITY to TP1 @ 1695 and TP2 @ 1685
Remember to place stop loss orders, and FEEL FREE TO LIKE AND FOLOW IF YOU LIKE WHAT YOU SEE HERE! = ))
Regards,
Gol D Roger
An hourly close below the support line @ 1710 would bring us to a SHORT OPPORTUNITY to TP1 @ 1695 and TP2 @ 1685
Remember to place stop loss orders, and FEEL FREE TO LIKE AND FOLOW IF YOU LIKE WHAT YOU SEE HERE! = ))
Regards,
Gol D Roger
Trade closed: target reached
Taking profit at 1700 instead as I like to be safe and lock in realized profits during this time of volatility :)Anywho 1700 is a strong support to break.
Note
I meant to say taken profit at 1702* instead, as we are nearing the strong support 1700
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.