XAUUSD: Break out or Double Top?

Gold is approaching the 2,010 Resistance on bullish 4H technicals (RSI = 69.412, MACD = 16.510, ADX = 21.631) but with the RSI on a Bearish Megaphone, which is indicative of a Bearish Divergence. As long as the 4H candles close under the Resistance, we will be short, targeting the 1D MA50 and S1 Zone (TP = 1,900). If it closes over the Resistance, we will turn bullish, targeting January's HH and the -0.236 Fibonacci (TP = 2,050).


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