Sachinn_Sangani

Gold spot ( Hourly chart) : Bullish

Long
Sachinn_Sangani Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Spot Gold has perfect ichimoku set up giving it bullish momentum , first key resistance at $1,967 ( will form double top); If taken out it should move towards $1,975 and then towards $1,992-2014. MACD has given positive cross over at $1,944 today until it is reversed positive momentum to continue.In case it is reversed then major support available at $1,935.
Comment:
One more point Double Top pattern is a bearish pattern , it may act as stiff resistance , if taken out then only it will continue bullish momentum
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