Gold Forms Double Top at $2000 Daily Resistance, Possible Sell
Updated
Welcome traders! Today we will be looking at GOLD for a possible sell setup.
At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past.
With these factors in mind, it may be a good time to consider entering a sell trade on GOLD. targeting the next level of support near 1950 or even 1920
If you found this analysis helpful, please give it a like and follow for more updates. Don't forget to leave a comment with your thoughts or questions! 🤝
At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past.
With these factors in mind, it may be a good time to consider entering a sell trade on GOLD. targeting the next level of support near 1950 or even 1920
If you found this analysis helpful, please give it a like and follow for more updates. Don't forget to leave a comment with your thoughts or questions! 🤝
Note
1950 already hit, close Tp1 if you entered the trade, profit 1.73%.move SL to breakeven
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