decentshaw

Gold outlook- bearish

FX:XAUUSD   Gold Spot / U.S. Dollar
Tipple top can be seen on the Weekly chart . Since making a all time high( 2080) on 3rd May , the Gold movement is downwards afterwards. On short TF , we have another triple top at 1980 Level so we can ascertain this level as area of high interest for Bears. It is likely to act a a strong resistance. I am expecting price may test the 1980-1982 Again. And if this level is not broken comprehensively, we may see price go down towards 1930 & 1912 & 1900 eventually. 1978-1982 will be my eyed resistance area, 1950, 1930 will be area of support. 1900 is Target i am looking at with in 2 Weeks time.

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