GOLD Double Top at Parallel Channel Resistance

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold is testing channel highs for a second time forming a double top pattern. This will likely send price down to 1670's where it could either find support or break lower. The stochastic on the weekly is in seller territory as it is on the daily timeframe . We also have stochastic divergence which is nice secondary confluence. I'd like to see a better rejection candle this week for a tighter stop.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out