WirmachenTrader

What to expect from Gold: Structure Zone

FX:XAUUSD   Gold Spot / U.S. Dollar
Recently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up.
Additional confirmation would be RSI divergence.

OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both cases.
Follow your plan

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