2lalit

Does Double Top Will Bring Fall More In Next Few Days ?

FX:XAUUSD   Gold/U.S. Dollar
239 0 4
Now we can look at the chart the range of price movement of the Inverted Triangle (brown lines) are between $1310 and $1260. In my opinion at the $1260 level, at least price movement should have something to reverse the direction but seems limited only up to test 1270/80 to make a confirmation. I'll go long if any something to reverse at this level.

If gold             consistently moves below $1280, there is hope that Gold             will continue fall back to 1240/30, because I look that @ $1322 looks like formed a Double Top Reversal with a valley @ $1280 (I labeled it with 1 and 2) and it can bring Gold             to the level of $1240/30 to retest $1240 Low.
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