Gold_GC_Short_Double Top with Gaps_Too good to miss!Gold is forming a double top that looks awesome! GC has a historical pattern of double topping, particularly at these levels not only by the first top shown but other reversals throughout history. Notice the gaps approaching the high and the gap after the high. Both are almost identical in price and structure.
I will be getting short Gold and have laid out two entries. On smaller time frames Gold has already fired a perfect sell signal that played out 1x1 perfectly. That being said I love to take entries when stops are being hit. If price will give me the chance I'll risk 1 contract at the strategic entry and 1 contract breaking through the low as an aggressive entry.
I'll ride it out to T2 and trail from there.
Strategic entry 1356.1
Aggressive entry 1340.3
T1 1314.1
T2 1287.9
T3 1261.7
Stop at 1366.5. Hopefully we don't need it.
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Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
