Double top Continuation set up.
Gold 4hr time frame
Gold can be seen to have created a double top, breaking down from aths. Breaking right thur the 1st support. At 2908.
For a bearish Continuation we need to see a pull back in to 2908 to 2916 aoi. 2908 resistance has been broken with no retest.
Creating a 1 hr break of structure.
With the pervious 4 hr candle leaving a big fvg to be filled. If 2980 support can continue to hold as support this low will also create Fibonacci golden zone at the same aoi of 2908 to 2916.
Daily time frame
With this idea present we can look for the 1st lower high to be created for a possible swing trade of 2906 to 2954.
Gold can be seen to have created a double top, breaking down from aths. Breaking right thur the 1st support. At 2908.
For a bearish Continuation we need to see a pull back in to 2908 to 2916 aoi. 2908 resistance has been broken with no retest.
Creating a 1 hr break of structure.
With the pervious 4 hr candle leaving a big fvg to be filled. If 2980 support can continue to hold as support this low will also create Fibonacci golden zone at the same aoi of 2908 to 2916.
Daily time frame
With this idea present we can look for the 1st lower high to be created for a possible swing trade of 2906 to 2954.
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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.
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.