GOLD is approaching a possible Strong Bearish Reversal. GOLD is inside of a Strong Resistance Zone/Double Top and RSI/Bollinger Bands are indicating an Over Bought Market. Using Fibonacci Retracement, I would place a take profit between the "Golden Zone" (0.50 and 0.618), then I would place Stop Loss right above the previous Resistance Zone.
What do you think about my idea? Do you agree or disagree? Let me know in the comments!
Much love,
- ALPHALICIOUS
DISCLAIMER: I am NOT responsible for any trades that you execute. PLEASE use proper RISK MANAGEMENT as markets such as GOLD can be extremely volatile!
What do you think about my idea? Do you agree or disagree? Let me know in the comments!
Much love,
- ALPHALICIOUS
DISCLAIMER: I am NOT responsible for any trades that you execute. PLEASE use proper RISK MANAGEMENT as markets such as GOLD can be extremely volatile!