Gold: Sell Opportunity

FX:XAUUSD   Gold Spot / U.S. Dollar
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.
Dec 04
Trade closed: stop reached
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nice update, thanks for sharing, buddy.
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Definitely hitting a resistance at 1480/1490 level. Could still break yet but should fail at 1520 level ultimately before heading towards fibo 1.618 short target level.

Undecided, the DX index is hitting lower highs and lower lows, might still have a little way to go! Sure am keeping a close eye on it! Hope you caught the bump up. Definitely will wait for the drop below 1478.20, which appears to be under the 200SMA on the 1min chart.
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