Gold Spot / U.S. Dollar
Short

GOLD (XAUUSD): Your Trading Plan for Today

1 969
snapshot

If you decided to trade today, there is one potential
shorting opportunity for Gold.

Following my recent update, the price is testing a recently
broken daily horizontal structure at the moment.

On an hourly time frame, the price formed a tiny double top on that.
2621 - 2625 is its neckline.

To sell the market with a confirmation, wait for a bearish breakout of
a neckline and an hourly candle close below that.

Sell aggressively or on a retest then.
Targets will be 2608 / 2600.

If the price sets a new higher high,
the setup will be invalid.

❤️Please, support my work with like, thank you!❤️

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.