Trade of The Week | Classic Breakout & Retest Trade 🔥🔥🔥

Hey traders,

Gold is trading in a bearish trend since March of this year.
Being bearish biased, I was constantly looking for shorting opportunities after pullbacks.

This week, the price broke a horizontal key support and then retested that.
On a retest, I spotted a double top formation.
I opened a short position after a confirmed neckline breakout.

Then the market dropped sharply.
360 pips of a pure profit was made.

Did you catch this trade?

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Kommentera:

Check my new idea on US30: