The242Trader

The242Trader

If you saw my idea and followed it congratulations you caught over 400 pips so treat yourself a little bit on the weekend. Im also going to say that the double top is valid in my opinion so my next sell point would be 1790 to 1730. (analysis coming Sunday)

The242Trader Updated 

Im bearish on gold until it hits the 1730 area as that is the 78 retracement level and from looking at the daily timeframe you can see that gold has failed to break the last lower high resulting in what looks to be a double top. Also when gold sold off it closed BELOW the last higher low giving me an impression that the sell is far from over. Yes I know that it...