Strong Bearish Reversal for GOLD

GOLD is approaching a possible Strong Bearish Reversal. GOLD is inside of a Strong Resistance Zone/Double Top and RSI/Bollinger Bands are indicating an Over Bought Market. Using Fibonacci Retracement, I would place a take profit between the "Golden Zone" (0.50 and 0.618), then I would place Stop Loss right above the previous Resistance Zone.

What do you think about my idea? Do you agree or disagree? Let me know in the comments!

Much love,

- ALPHALICIOUS



DISCLAIMER: I am NOT responsible for any trades that you execute. PLEASE use proper RISK MANAGEMENT as markets such as GOLD can be extremely volatile!