Susanhninn

XAUUSD going to be bearish?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
We can see that on D1 timeframe, price has touched the previous consolidation zone at around 1843-1850. If we breakdown into smaller timeframes, on the 4HR, we can notice that there is a gap on 22nd Nov 2021.

My entry was a little bit early. I am expecting a double top to form and first profit target would be around 1819 area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.