XAUUSD Double Top Pullback April 3-7 Trading Plan

1 Nis 2017

XAUUSD looks like it got rejected once again by the Wall of Trump resistance and needs one more pullback in my opinion

4H Timeframe View:



It broke below the 20MA/50MA and looks like a hammer was formed which indicates a possible top formation

Short: 1249.240
Stop: 1254

Target 1: 1234



The 200MA at the 4H Timeframe might provide decent support so I might take partial profits on this location

Target 2: 1229



20DMA/50DMA are converging on this area so it might provide stronger support compared to the first target

Target 3: 1225



The daily support trendline should be here so it needs to consolidate/bounce on this area if XAUUSD is winding for a strong bull move

Any feedbacks are appreciated!

4 Nis 2017

İşlem kapandı: durdurma seviyesi

Lets see if i shorted too early or just plain wrong