XAU/USD
sell
Entree: 2075
Take profit: 1829
Stop loss: 2090.25
Gold looks like its making a double top, i will look for a sell when the price is around the previous all time high.
Gold is overbought and it needs a correction to the downside. The correction will look like the previous one but i little harder.
For my take profit i take the Fibonacci level 0.61 + the trendline that it will bounce on, this is around 1829.
Have a good day.
GV
sell
Entree: 2075
Take profit: 1829
Stop loss: 2090.25
Gold looks like its making a double top, i will look for a sell when the price is around the previous all time high.
Gold is overbought and it needs a correction to the downside. The correction will look like the previous one but i little harder.
For my take profit i take the Fibonacci level 0.61 + the trendline that it will bounce on, this is around 1829.
Have a good day.
GV