Forex Trading Ideas: XAU/USD Price falls

“Sell The Rallies!”

The XAU/USD had a bearish ‘Double Top Divergence Trade Setup’ last week in the Forex Market. Taking -100 pips from Forex traders. Then a second trade setup gave them between one hundred and three hundred pips. Depending what your entry price was.

However, we have strong major support at 1550.00 And resistance at 1576.00.