XAUUSD is overbought on 4H
Updated
XAUUSD is overbought on 4H, and I believe that we will be re testing 1250 as it failed to break the 1260 for the third time an a double top is almost formed. Unless we see a breakout above 1260 so my Stop loss would be at 1261, and my first take profit target would be 1250.
Note
Profit taken @ 1247, my target TP was @ 1250 but it got broken and I took my profits @ 1247 and as expected.Trade closed: target reached
Profit taken @ 1247, my target TP was @ 1250 but it got broken and I took my profits @ 1247 and as expected.
Related publications
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.