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Mihai_Iacob

Gold- Double top?

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Mihai_Iacob  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Gold goldtrading goldidea XAUUSD xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdsell
130
40
trendanalysis chartpattern indicator gold goldtrading goldidea xauusd xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdsell
As I said yesterday, the strong reversal from 1830 gives me reasons to be bearish.
At this point, Gold, looks like is carving a double top (not confirmed yes) with the neckline around 1790-1795.
A break of this support would confirm the pattern and give scope to further losses.
1750 is the measured target for the double top and also technical support
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