Profitlio_Trading

Gold Short Trade Setup

Short
Profitlio_Trading Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
First target achieved as per my previous analysis after triangle breakout. Analysis is tagged below.
In Here on this resistance I see some potential of double tops formation. This resistance held strong and I expect this attempt will form a trend reversal with the support of Resistance + "M "formation. The target expected can be matched with the fib levels accordingly. Hope this time our much expected fall back can be seen. Good Luck!
Trade active:
Trade running down with 120+ Pips

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.