Gold been trending up nicely, respecting the TL and the 4H 20 MA. Price hit major resistance one time and got rejected, and bouncing up back from the TL now. We may see a double top scenario and have a opportunity to short for that reason.
Trade active
Note
Possibility of the double and divergence top is ongoing, look for the close of this 4H candle if it close as it is now or more down.Note
Two levels to watch:Note
Gold giving it a fight!Note
One clear, two left. Which one is next to join?Note
Gold is struggling to makes new highs, and we still have bearish divergence:Note
When you wait and get the reward :)
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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.