Allen_Ex

XAUUSD:A double top pattern may form

Short
Allen_Ex Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

The bulls are very strong today. After breaking through 2183, they quickly rose to around 2200 and fell back after hitting strong resistance. The current support is 2181-2186, and the resistance continues to focus on 2196-2202. The US market is trading in this range, and we should be wary of the possible double top pattern.

Once the pattern is formed, it will fall back to around 2164 again tomorrow
Trade active:
The market is very volatile. You must pay attention to controlling risks when trading. At present, wait for a rebound and then go short.

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