GOLD short
Been waiting for this short since last Wednesday and its looking like a good set up for this week. On the four hour you can see a clear double top formation with an arch which is a good indicator for a short entry. Ill be watching this closely because on the daily it is a strong bullish candle so it might impulse through and catch people on the wrong side of the market. Still its a possible entry to take just make sure you use 1% risk on account for stop loss. I'm looking for a 3rd tap in the trend line where i have the highlighted rectangle area because it has been a strong area of rejections from previous highs.
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