Technician

Gold: A Long Term View

FX:XAUUSD   Gold Spot / U.S. Dollar
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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