as we can see here on the GOLD
chart that the US dollar
has been falling weak, which has been causing gold
to rise. so to this gold
hasn't had much clear structure and has been mostly having sharp spikes to the upside. however, we can see now that gold
has created a structure on the 0.382 fib level. on this level, we can see that the market has the potential to create a double top
pattern which will hopefully show us where the market will have the momentum to go next. so now we will wait for more candles for form so we can get a better idea of the overall pattern before we approach this market in any way.