Gold Entry Levels

Look at the 4H chart. We can see that price rises to a possible reversal zone between 1295.00 and 1300.00 levels. RSI is in overbought zone and it's going to give us a sell signal. If price reverses from the resistance levels and RSI confirm it, we'll be able to open short trades with profit target at the uptrend lines. Stop orders must be placed above the local swing high or 1300.00 level. As for long trades, we'll have to buy if price bounces from the uptrend lines or 1260.00 level. Profit target for long trades should be 1300.00 level.