Due to the break of the trendline , i see Gold running up and retesting the trendline before we have a sell of to the support level , using the fibs the retest is the 50.0 fib retracement level . but also waiting to see what price action gives at that level before i decide to become a bear on this .
Price here is giving a series of lower highs and lower lows , but i will be looking to trade it when the support level is broken and retested then i will look for short positions to get into .
Price action here is looking to form the double top chart pattern but this can only be fully confirmed when the retest of the neckline is complete ,if so the target should be the level of support.
