Gold possible double top daily
Wee see a possible double top forming, indicating strong resistance in the yellow box area.
A sell in that area would have been good, however it can still be safe to short around current price for a possebility to go lower. Take profit level might be better or worse than what is shown as that is just based on prior low.
A sell in that area would have been good, however it can still be safe to short around current price for a possebility to go lower. Take profit level might be better or worse than what is shown as that is just based on prior low.
Trade active
Trade closed: stop reached
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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.