Technician

Gold: A Long Term View

FX:XAUUSD   Gold / U.S. Dollar
1298 11 11
The Major monthly double top pattern has a measured move target of $386, which points to $1140.00 level, 1140 resides near the main long term rising trend line for the secular bull trend. The recent pullback completed a retest to the first-tier broken trend line before moving lower, supporting the bearish resumption scenario.
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First-tier rising trend line broken point at what price?
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It is not a precise number, but around 1380.00
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Thank you for you reply but what would be the stop loss for, i mean for today
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Stop loss is determined according to your specific trade, for my chart it is not a trade it's just a view, i think if price can settle back above 1433.00 swing high, that would signal bull trend resumption/end of pullback.
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Alright, but thank you, appreciate it
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:)
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Gold is a garbage
do not forget about 1560 target
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