XAUUSD Daily Double Top, Weekly Shooting Star.
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
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
Note
TP 1 hit.Note
TP 2 hit.Note
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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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.
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.