Gold (XAUUSD)Short
GOLD in Double Top Pattern
Hello traders!
Today, I have an idea for Gold, which has formed a pretty clear double top pattern.
Here's some info on how to trade this pattern:
1) We can open a position after crossing the support line, but be careful; a retest is also possible. If we get a retest, I will open the position from the highest low.
2) Place the stop loss around $2330, according to the continuation of the movement. The TP area is in the green box.
3) Use leverage of 5-10x. Risk not more than 5% of your deposit.
IMPORTANT! Always follow your RM strategy!
What are your thoughts on this double top, guys?
Today, I have an idea for Gold, which has formed a pretty clear double top pattern.
Here's some info on how to trade this pattern:
1) We can open a position after crossing the support line, but be careful; a retest is also possible. If we get a retest, I will open the position from the highest low.
2) Place the stop loss around $2330, according to the continuation of the movement. The TP area is in the green box.
3) Use leverage of 5-10x. Risk not more than 5% of your deposit.
IMPORTANT! Always follow your RM strategy!
What are your thoughts on this double top, guys?
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