GOLD confusion ?

2 de ago. de 2019

As we can see yesterday after golds rally to the upside to finds last week high, we can clearly see that it has failed to breaks last weeks high and creating a perfect double bottom. What we can observe from here is that there is a high possibility that price we be ranging with the regions before breaking the bigger structure which it is consolidating at. Hence to let you guys know that this trade maybe a little risky as we saw a bullish momentum yesterday, however with the factor of there being a double top on the h4 time frame we are going to take this trade to 1405 as its short target. hence placement of stop loss shall be tight due to news of NFP later.