Gold Spot / U.S. DollarUpdated XAU/USD Downtrend
Gold recently touched and retested a weekly high creating a double top and has now entered a down trend. As you can see illustrated below on the 4hr chart, another indication is the break and retest of the 200 exponential moving average: a continuation to the downside.
Note
Price started reversing about 1/3rd the way down this trade which should have been your exit or ''tp1'' as well. Eventually this trade will have lead to the Stop Loss being hit.
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.