Description
⋅ So here we have the beginnings of a double top pattern on the 4 hour time frame for Gold - thanks Fib Retracement
If price falls to 1196 and breaks below strongly enough, a short would be a good position to take.
Additionally, I'll be watching DXY 4h and daily time frames for bullish indication.
(DXY and Gold are inverses of each other)
Comment
⋅ Fell below double top support/neckline, but 4h will close above it. Waiting for actual confirmation rather than bias.
Comment
⋅ There we go