DOUBLE TOP FORMING , BEARISH RALLY COMING

Short

Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)

Updated

FOREXCOM:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Beyond Technical Analysis

PRICE APPEARS TO BE FORMING A DOUBLE TOP " M" PATTERN FORMATION. PRICE IS ENTERING A CRITICAL AREA & SUPPLY ZONE. LOOK FOR A STRONG IMPULSIVE MOVE TO THE DOWNSIDE , FOLLOWED BY A CORRECTION/ FLAG PATTERN BEFORE GETTING IN FOR THE SELL.

Comment:

Price rose above previous high & is now dropping . Strong supply zone

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