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Mihai_Iacob

Gold- Double top?

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Ouro/Dólar Americano (OANDA:XAUUSD)  
Mihai_Iacob  
OANDA:XAUUSD   Ouro/Dólar Americano
Trend Analysis Chart Patterns Technical Indicators Gold goldtrading goldidea XAUUSD xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdsell
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trendanalysis chartpattern indicator gold goldtrading goldidea xauusd xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdsell
As I said yesterday, the strong reversal from 1830 gives me reasons to be bearish.
At this point, Gold, looks like is carving a double top (not confirmed yes) with the neckline around 1790-1795.
A break of this support would confirm the pattern and give scope to further losses.
1750 is the measured target for the double top and also technical support
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