XAUUSD Gold Technical Projection for the Week

Gold showed weakness last Friday at trendline resistance and is showing a possible Double-Top Pattern. With this two factors in mind there is a possibility of continued short term weakness in the weak ahead.

Bullish Scenario with targets at 1235.270 and 1265.810
Bearish Scenario with targets at 11183.322 and 1160.024

Disclaimer: Technical Projections are not to be treated as financial advice but solely for educational purposes only.

Comment:

11183.322 Target reached