GOLD (XAUUSD): Your Trading Plan for Today

anteayer

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.

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