Golden_Star1994

Gold is forming a double top

Short
Golden_Star1994 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello guys πŸ‘‹
We have the gold chart in the 1-hour time frame
πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡
According to the previous analysis, you saw how well the price reacted when it reached the plotted areas.
In yesterday's update, from where I said you can enter a buying position, it went up about 80 pips.πŸ’₯


Currently, the price has reached the supply level and started to fall. If it continues this movement, it can continue to fall in the form of a double top and continue to fall until the previous demand range (2004-2008).βœ”οΈβœ”οΈβœ”οΈ
Trade active:
Hello friends, we have the gold chart in the time of one hour.
The one-hour resistance level prevented the price of gold from rising, and from there we saw the fall of gold.
The previous demand level, which caused the price to rise several times, has broken downwards. Now, in pullback to the same level, we expect the range (2004-2008) to continue falling.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.