INVESTRONE

GOLD | Xauusd Technical analysis

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
Hi , trader's , as you can see in short term , Market is making M shape

M shape chart pattern is Double top pattern , IT's a bearish reversal pattern

Market can Go Down from 2006-2007 area to 1996 to back test the support

Major resistance is at 2023-25 area in 4hr TF

Market needs to do a correction for further uptrend

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