GOLD is forming support for the double top reversal pattern
A break of 3200 will confirm the market's intention to reverse the trend and go downwards.
Scenario: There is a lot of important news from the US and Great Britain ahead. If the general fundamental background remains and the dollar continues its bullish trend, then we will be close to a breakdown of 3200.
Thus, a break of 3200 and consolidation below the level will be a signal that we are ready to go down.
A break of 3200 will confirm the market's intention to reverse the trend and go downwards.
Scenario: There is a lot of important news from the US and Great Britain ahead. If the general fundamental background remains and the dollar continues its bullish trend, then we will be close to a breakdown of 3200.
Thus, a break of 3200 and consolidation below the level will be a signal that we are ready to go down.
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❤️ Telegram channel: t.me/AndeWave
Related publications
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.