GOLD (XAUUSD): Time For Pullback 🥇

Short

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

Updated

FOREXCOM:XAUUSD Gold Spot / U.S. Dollar

Double Top or Bottom Multiple Time Frame Analysis Support and Resistance Gold XAUUSD goldsignals goldtrading goldtrader goldanalysis goldstrategy Contains image

doubletoporbottom mtfa supportandresistance gold xauusd goldsignals goldtrading goldtrader goldanalysis goldstrategy containsimage

snapshot

Gold is currently testing a strong daily horizontal resistance cluster.

The price was nicely rejected from that on a 4H and formed a double top pattern.
The neckline of the pattern was violated with a huge bearish imbalance.

I anticipate a pullback to 1985 / 1972

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Comment:

The market nicely respected a broken neckline

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