Possible short opportunity on XAUUSD because...
1. double top very likely at 1830, which has been respected many times before.
2. using a FIB retracement, the 61.8 retracement is at 1830.
3. using RSI, it is oversold.
SL: 1855, above 78.6 retracement
TP: 1800, and then 1780 if 1800 is broken.
1. double top very likely at 1830, which has been respected many times before.
2. using a FIB retracement, the 61.8 retracement is at 1830.
3. using RSI, it is oversold.
SL: 1855, above 78.6 retracement
TP: 1800, and then 1780 if 1800 is broken.
Comment:
*overbought