After the NFP
gold goes up buy did not make a higher high.
So the resistance level 1290-1300 still HOLD.
RSI already told us the upward momentum is gone.
Look the last 4h Candle, it is a bearish engulfing.
My previous Trade Idea is active, I short at the 0.618
Retracement: 1292.
Most likely Gold will make a double top here.
gold goes up buy did not make a higher high.
So the resistance level 1290-1300 still HOLD.
RSI already told us the upward momentum is gone.
Look the last 4h Candle, it is a bearish engulfing.
My previous Trade Idea is active, I short at the 0.618
Retracement: 1292.
Most likely Gold will make a double top here.
Comment:
Going to break the trend line support
Comment:
Now is 1264, almost 300 pips.
can take partial profit
can take partial profit
Win 130 pips