Gold Targets 1950. Selling Pressure Will Come Soon

Short

Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)

FOREXCOM:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern gold xau us30 stocks silver btc bitcoin sell usd

Market appears to be getting ready for a nice move to the downside for about 500 pips. Monthly has not made much gains over the last several weeks. Weekly structure created a double top and last week ended bearish. Daily is retesting previous support now turned resistance. If this daily candle today ends bearish, then I believe we could see a nice drop in gold.

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