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UKTRADERS21

XAUUSD: SHORT RANGING TRADE FROM DAILY RESISTANCE

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
UKTRADERS21  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Chart Patterns Double Top or Bottom
2
0
supportandresistance chartpattern doubletoporbottom
I am anticipating a short-ranging trade from the current daily resistance level. If you look at the one-hour chart, there is a double top pattern formed, and its neckline has already broken below. Now, we will take a trade on the retest.

Entry 2038.06
Stop loss 2050.50
Targets 2017.60
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