pankaj.bagal
Short

Weekly Resistance Zone and an Indecisive Candle formation on W

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
73 0 4
As we can See that Price has reached in a possible selling zone and can create a possible double Top on a weekly chart. We can also notice that as price is moving up we have a RSI bearish Divergence. We feel that price should continue to trade in a possible Flag Pattern and could go south a little. We also have a good RR of 1:2.5 in this setup. Nice opportunity.. Please follow your trading plan and enter this setup..
Comment: Already Moved in our direction ... Almost made +250 ...
Comment: +280 and still sliding ...
Comment: +350 Pips and going strong
Comment: +430 PIPS .... We recommend to book half position and trail your stoploss on Breakeven
Comment: Trade Closed ... Target Achieved .....
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