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Felipersan24

Double Top Approaching?

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
Felipersan24  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Gold XAUUSD short Double Top Support and Resistance shortsetup goldsell goldshort Commodities
7
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trendanalysis chartpattern indicator gold xauusd short doubletop supportandresistance shortsetup goldsell goldshort commodities
We are seeing price respecting a type of ascending triangle and near to creating a double top pattern on a key resistance & supply area.
My favorite position is still bearish on the longer term for GOLD. I would like to see a double bottom near 1170.00s

Keep an eye on a current resistance; if there is a bearish engulfing candle at 4H, it could be a sell signal.

Best of luck!
Felipe.
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