Weekly Resistance Zone and an Indecisive Candle formation on W

Short

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

Aktualisiert

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

As we can See that Price has reached in a possible selling zone and can create a possible double Top on a weekly chart. We can also notice that as price is moving up we have a RSI bearish Divergence. We feel that price should continue to trade in a possible Flag Pattern and could go south a little. We also have a good RR of 1:2.5 in this setup. Nice opportunity.. Please follow your trading plan and enter this setup..

Kommentar:

Already Moved in our direction ... Almost made +250 ...

Kommentar:

+280 and still sliding ...

Kommentar:

+350 Pips and going strong

Kommentar:

+430 PIPS .... We recommend to book half position and trail your stoploss on Breakeven

Kommentar:

Trade Closed ... Target Achieved .....