GOLD – SELL STOP – 29th April 2020

GOLD – SELL STOP – 29th April 2020 (Closed)

Technical set up on GOLD.

Gold has formed a double top and is now forming a bear flag structure.

If the USD strengthens tonight we could see gold prices pull back from these major highs due to the inverse correlation.

Trade setup: SELL STOP – Entry price 1695, stop loss 1715 and take profit 1660

Stop loss: 200 pips

Take Profit: 350 PIPS

 

Trade Setup
SELL STOP

Entry
1695

Take Profit
1660

Stop Loss
1715