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
