GOLD - SELL!
1) Double top formation on 4hr gives an indication of price rejection
2) Bearish engulfing formation
3) Once PA has broken 4hr trend line price to retrace down to 38.2% fib as TP01 thereafter 50% fib TP02.
2) Bearish engulfing formation
3) Once PA has broken 4hr trend line price to retrace down to 38.2% fib as TP01 thereafter 50% fib TP02.
Note
Take 50% profits & let the rest run set SL to Break Even
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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.