Gold Trading Idea

FX:XAUUSD   Gold Spot / U.S. Dollar
If price bounces from the resistance level , we'll have reversal chart pattern. Double top can stop this up trend and give a signal for opening short trades based on daily chart . But our entry level can be only below swing low. If we want to catch the reversal in the beggining, we have to use hourly charts for entry. Just wait when MACD starts falling. The nearest profit target can be the level of round numbers 1300.
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