Shingi_Lesetedi
Short

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.

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