Hello Traders,
🧐 Market Overview:
Over the last 3 weeks, gold has rallied just under 10% — a massive move. While my longer-term outlook remains bullish, my system is currently flagging a potential short. On the 4-hour chart, a double top pattern is forming, signaling a possible pullback.
My system looks for rsi divergence, which is currently present. It also needs to see lower volume on the second top, also already confirmed.
My system has given the green light for opening a short. Now I am just waiting for a good entry point. Time to be patient and follow all my rules.
📊 Trade Plan:
Risk/Reward: 3.5
Entry: 3 664.5
Stop Loss: 3 691.4
Take Profit 1 (50%): 3 592
Take Profit 2 (50%): 3 551
💡 GTradingMethod Tip:
Trading is about probability. This means I need to take every single trade when my edge is available. It also means I need to follow my rules on every single trade.
🙏 Thanks for checking out my post!
Follow me for more setups and let me know — do you think gold will respect this double top or continue its bullish momentum?
📌 Disclaimer:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
🧐 Market Overview:
Over the last 3 weeks, gold has rallied just under 10% — a massive move. While my longer-term outlook remains bullish, my system is currently flagging a potential short. On the 4-hour chart, a double top pattern is forming, signaling a possible pullback.
My system looks for rsi divergence, which is currently present. It also needs to see lower volume on the second top, also already confirmed.
My system has given the green light for opening a short. Now I am just waiting for a good entry point. Time to be patient and follow all my rules.
📊 Trade Plan:
Risk/Reward: 3.5
Entry: 3 664.5
Stop Loss: 3 691.4
Take Profit 1 (50%): 3 592
Take Profit 2 (50%): 3 551
💡 GTradingMethod Tip:
Trading is about probability. This means I need to take every single trade when my edge is available. It also means I need to follow my rules on every single trade.
🙏 Thanks for checking out my post!
Follow me for more setups and let me know — do you think gold will respect this double top or continue its bullish momentum?
📌 Disclaimer:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.