GOLD MADE A DOUBLE TOP CONFIRMATION. ALTHOUGH GOLD IS IN A UPTREND. WE WILL SEE A BEARISH MOVEMENT(EXHAUSTION MOVE) BEFORE ANY BULLISH MOVEMENT TAKES PLACE. GETTING MORE BUYERS ON THE SUPPORT(NECKLINE) 1315.10 TO PUSH THE MARKET BULLISH.
WILL WAIT FOR CLEAR INDICATION ON THIS TRADE. FROM CURRENT SETUP GBP IS PUSHING HARD INTO THE 4H ZONE. IF WE SEE A BREAKOUT BULLISH ON THE 4H ZONE. WE CAN SEE RETEST. LOOKING FOR BUYERS AND WILL THEN GO BULLISH. IF THERE IS A REJECTION WAIT FOR PULLBACK AND GO SHORT JUST OUTSIDE THE ZONE.