anand1988

DOUBLE TOP ON MONTHLY

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
If you see the chart during 2011-2012 fractal, the price action appears to be similar along with the candles with 2020-2022 fractals, double top is a very bearish formation on higher time frames and we expect similar drop this time once the war and inflation situation calms down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.