Gold Spot / U.S. DollarUpdated Gold Correction Deepens After Failed Attempt at ATH Confirmation
Gold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH).
A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
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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.