Gold: Sell Opportunity
The trading idea is based on a trend reversal signal. The price diverged with RSI and MACD . We have bearish signals from a bearish divergence and MACD lines. RSI is in the overbought zone.
If the price breaks the local uptrend line, it will be possible to open sell trades.
Entry Price: below 1517.20
Stop Level: above 1526.50
Profit Level: at 1490.00
Risk per trade must be no more than 1% of your capital. If the price reaches 1500.00 level, move stop orders into breakeven