Gold is already showing bearish divergences on higher timeframes. However, it is still bullish on 1 hour chart.
Double top formation is possible. We can then buy from around 1570-1573 and target 1590 and 1605. From there, we can start looking for sell opportunities for a bear run. SL for this short term setup is 1562.
Entry, TP and SL as shown in the chart.
Risk management applies.
Many people have been requesting for a signals channel. I will be launching one very soon. Channel will be limited to 100-150 members only so I can focus on answering and mentoring the members as well as managing my own accounts.
Connect with me on telegram at @fxprogela
Double top formation is possible. We can then buy from around 1570-1573 and target 1590 and 1605. From there, we can start looking for sell opportunities for a bear run. SL for this short term setup is 1562.
Entry, TP and SL as shown in the chart.
Risk management applies.
Many people have been requesting for a signals channel. I will be launching one very soon. Channel will be limited to 100-150 members only so I can focus on answering and mentoring the members as well as managing my own accounts.
Connect with me on telegram at @fxprogela
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