Gold Double Top

FX:XAUUSD   Gold Spot / U.S. Dollar
The price moved back to 1350.00 resistance level and bounced again. We can spot a double top chart pattern which gives us a trend reversal signal. This pattern will be confirmed if the price drops below the signal level. Now we have a reversal candlestick pattern at the resistance. RSI confirms price reversal. We have a new sell opportunity. Pending orders for sell can be placed at 1344.00 level with stop orders at 1365.00 level. Profit target can be at 1300.00 support level . If the price breaks this support and SMA100, it will be possible to open new short trades with profit target at 1250.00 level.
How to Become a Profitable Trader? Watch the replay of my webinar: http://bit.ly/2SLAvTi

2000+ people have used our courses, Crypto & Forex ideas: http://bit.ly/2zTDJPB

My trading robot: http://bit.ly/2SbVRsM
Hi Dlavrov,

What's the Signal level at 1305 mean in your chart?

+1 Reply
thanx Dlavrov
+1 Reply
I love this idea Dlav! Let’s do it!!!! Cheers!
Could you please make analysis for silver as well.
i see gold keep going down because bitcoin is the new gold and it has strictly limited supply whereas gold has not.
Nice Idea! Will join it and when it reverses its time to buy, because I expect 1400$ for summertime and more in autumn.
DLavrov Grandmaster_Nitemare
@Grandmaster_Nitemare, any fundamental reasons for this?
@DLavrov, Bitcoin millionaires will want to diversify into something other than fiat and Lambos.
@DLavrov, Moneyprinting will go on and nearly every asset will rise till something like 2008 will happen. And SleeperWoof is also right. I will buy gold with some of the cryptogainz and only rent the Lambo for some weeks to have fun! ;-)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out