GOLD GREAT trading opportunity -13/9/2022-

• Major potential double top on daily chart
• Double top at 2070 (2020 and 2022 highs)
• Neckline support at 1680 (2021 and 2022 lows)
• Very clear and typical bearish pattern
• Measurement method is distance between neckline and high of the pattern (2070-1680)
• Bears eye a break of the neckline support and a target projected at around 1300 (breakout point-distance)
• Bulls defending support at 1680, we already saw more than one failed attempt by bears to break that level

• Trading recommendation:
• Only sell on a clear and confirmed break of the neckline support. Increasing volume and consecutive daily closes below the support validate the pattern further more. Stop loss just above the line
• Buy as long as the support is not broken. Stop loss just below the line