Although I am uncertain about the overall trend of gold at the moment, I have identified a brief intraday setup on the 4-hour chart. The gold price has reached the resistant level on the H4 chart, and I am waiting for the formation of a double top or a higher high on the H1 chart. In such a scenario, we can consider shorting gold.
roughly can do
Sell limit at $2055
SL 2066
Tp at 2013
roughly can do
Sell limit at $2055
SL 2066
Tp at 2013
Trade active
Sell Confirmation $ 2053SL $2062
TP $2013 or hold first
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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.