GOLD SPOT XAUUSD SHORT OPPORTUNITY

8 May 2020

A bearish double top pattern has been seen to be formed at the top level of the ascending wedge channel. Now, gold appears to be consolidating in a range.
An hourly close below the support line @ 1710 would bring us to a SHORT OPPORTUNITY to TP1 @ 1695 and TP2 @ 1685

Remember to place stop loss orders, and FEEL FREE TO LIKE AND FOLOW IF YOU LIKE WHAT YOU SEE HERE! = ))

Regards,
Gol D Roger

9 May 2020

İşlem kapandı: hedefe ulaştı

Taking profit at 1700 instead as I like to be safe and lock in realized profits during this time of volatility :)

Anywho 1700 is a strong support to break.

9 May 2020

Not

I meant to say taken profit at 1702* instead, as we are nearing the strong support 1700