DOUBLE TOP ON GOLD
a nice double top formation has appeared on gold so ill be watching to see if we get a move to the downside
its also worth noting the top line of resistance is holding strong on daily time frames hence why I have set is as a stop loss target, however gold is still trending up so be aware that it could push higher.
as always look for as much confirmation as you can but not only signals that confirm your bias, look for signals that confirm the opposite as you may spot something you missed
its also worth noting the top line of resistance is holding strong on daily time frames hence why I have set is as a stop loss target, however gold is still trending up so be aware that it could push higher.
as always look for as much confirmation as you can but not only signals that confirm your bias, look for signals that confirm the opposite as you may spot something you missed
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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.