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DLavrov
19 févr. 2018 20:22

Gold Double Top Short

Gold/U.S. DollarFXCM

Description

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.
Commentaires
jtanum
Hi Dlavrov,

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

thanks!
naseemabuhawash
thanx Dlavrov
UnknownUnicorn981629
I love this idea Dlav! Let’s do it!!!! Cheers!
fhsk2001
Could you please make analysis for silver as well.
p1ng
i see gold keep going down because bitcoin is the new gold and it has strictly limited supply whereas gold has not.
Grandmaster_Nitemare
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, any fundamental reasons for this?
SleeperWoof
@DLavrov, Bitcoin millionaires will want to diversify into something other than fiat and Lambos.
Grandmaster_Nitemare
@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! ;-)
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