Gold: Sell Opportunity

The price broke the local uptrend line. The market forms a double top, a trend reversal signal. We can expect a pullback based on higher timeframes as the market have made a good upward movement. It gives us a possible sell opportunity.

Entry Price: below 1478.20
Stop Level: above 1482.00
Profit Level: at 1465.75

Risk per trade must be no more than 1% of your capital. If the price breaks the stop level, we will have to search for a new trade opportunity. If the price reaches 1473.00, move stop orders to breakeven.

Trade closed: stop reached