Gold showed weakness last Friday at trendline resistance and is showing a possible Double-Top Pattern. With this two factors in mind there is a possibility of continued short term weakness in the weak ahead.
Bullish Scenario with targets at 1235.270 and 1265.810 Bearish Scenario with targets at 11183.322 and 1160.024
Disclaimer: Technical Projections are not to be treated as financial advice but solely for educational purposes only.
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.