On the daily chart: Gold
has formed a double top
pattern and could possibly form a head and shoulders
On the weekly chart: Gold
has a shooting star
. Indicating trend reversal. This week has tested the resistance level
and followed through with the trend reversal.
We should be seeing a break of 1500 and 1490.
TP 1: 1500
TP 2: 1490
TP 3: 1480